IRS Publication 463 contains
all the rules and regulations for deducting business
travel,
entertainment, gift, and car expenses. For flight crews, IRS Publication 463 is
probably the most cited tax publication that the
IRS has published because it
provides information on accurate
recordkeeping, and
how to report travel expenses (the proper use of per diem rates with regard to
deducting meals and
incidental
expenses and the
special rate
for transportation workers). The guidelines described in IRS Publication 463
help pilots and flight attendants with all of their
employee
business expenses including the popular and lucrative
per diem deduction.
The data within IRS Publication 463 applies to flight crews who
itemize
their tax returns. IRS Publication 463 is not the only tax publication that
flight crews should reference.
IRS Publication
529, IRS
Publication 1542, and several tax forms such as
IRS Form 2106 are
all very important.