Unformatted text preview: tests, and specific recordkeeping requirements. 1. Substantiation - employee must make an adequate accounting of expenses to his employer 2. return of excess reimbursement - within a reasonable period of time, the employee is required to return to the employer any portion of the reimbursement in excess of the substantiated expenses. expenses are deductible byu the employee as a MID and subject to a 2% floor...
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- Spring '10
- Expense, Reason, Balance sheet substantiation, entertainment expense deductyions