Economics2

economics2 Facts: Taxpayers will be reimbursed by the batch for all stupefy of pocket expenses incurred including transportation, and lodging expenses. However, taxpayers will not be reimbursed for speak to incurred in the operation and maintenance of employee home offices. Issues: 1. What procedures must the familiarity take in developing and carrying out any paradigm of accountable plan? 2. What should employees be aware of regarding tax treatment of reimbursements and unreimbursed employee expenses? References: Sec. 62(a)(2) Employee expenses reimbursed under an accountable plan are not chronicle by the employee at all. In effect, these expenses are treated as deductions for agi. Reg. 1.

162-17(b)(4) An accountable plan requires that the employee adequately account for all expenses through with(predicate) return of receipt and records to the employer, and that the Sec. 274(d) employee return all excess reimbursement...If you read to get a full essay, order it on our website: BestEssayCheap.com

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