This preview shows page 1. Sign up to view the full content.
Unformatted text preview: employee must return excess reimbursement 2. tax treatment a net wash reimbursement is excluded from gross income expenses are not deductible by employee B. Nonaccountable plan 1. fails at least one test no substantiation, or does not require return of excess 2. tax treatment reimbursement is included in gross income expenses are miscellaneous itemized deductions (from AGI) subject to 2% floor and 50% disallowance for meals & entertainment...
View Full Document
This note was uploaded on 03/03/2010 for the course TAX 6845 taught by Professor Kelliher,c during the Spring '08 term at University of Central Florida.
- Spring '08