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advise on using federal per diems
*As the *single owner of an IT Consulting s-corp, do you have an accountant??
Why prepared your Corp and Personal tax returns??
That is who I would ask. LUCKIEST
1) You can not "earn" any money untaxed
2) You can minimize your taxes based on how you report your expenses
The money your are being paid is income to your company (revenue). You need to report all revenue. You can offset revenue with expenses.
For travel expenses, you can either use actual (need receipts) or the government per diem rate. To minimize taxes, use whichever is higher.
A good accountant can help you but bring him all the facts and receipts.