FinanceRegs.com » IRS rules http://www.financeregs.com Breaking news & updates for Finance and Accounting pros Wed, 14 Apr 2010 20:11:23 +0000 en hourly 1 http://wordpress.org/?v=abc Transition rules for the per diem rates in effect Oct. 1 http://www.financeregs.com/transition-rules-for-the-per-diem-rates-in-effect-oct-1/ http://www.financeregs.com/transition-rules-for-the-per-diem-rates-in-effect-oct-1/#comments Tue, 30 Sep 2008 10:00:12 +0000 Carol Katarsky http://www.financeregs.com/?p=192 Use per diems? You’ll need to be up-to-date on IRS’ latest rules for transitioning from ’08 rates to ’09.

In short, even though the new rates take effect on Oct. 1, you can continue to use the “old” rates through Dec. 31, 2008. Just one catch: If you do so, you can’t use the “new” rates until Jan. 1, 2009.

Bottom line: You can’t pick and choose which set of rates you use for a particular trip, city, etc.  

For all the details, check out IRS Revenue Procedure 2008-59.

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