Every company prior, the W2 never included my per diem, just my hourly. The company hiring me as a consultant is offering x hourly and $140 per diem for all 7 days (I am out of state). With a 1099 am I obligated to pay taxes on it now? Or could I deposit the per diem amount into my personal account and the hourly into a business account as to avoid any mixing? I do plan on creating an LLC to help with write-offs but I could not wrap my head around this. I reside in Texas, but will be working in NC if it's relevant at all. I am below the Lodging and M&IE federal and state guidelines. Other consultants claim they don't pay taxes on per diem how is that possible.
