Message Font: Serif | Sans-Serif
No. of Recommendations: 0
If you had a nonaccountable plan any reimbursement from your employer would appear in box 1 of your W-2. I am going to assume that an accountable plan is the opposite, the amount will not be reported on W-2.

An employee will meet the adequate accounting requirement for reimbursement of actual expenses by providing to the employer substantiation of the amount, time, place and business purpose or relationship of the expense. The records should contain documentary evidence such as receipts, an account book, diary, or other similar record in which an employee has entered each expense at or near the time it was incurred.

Taxpayers who receive a per diem, mileage allowance, or reimbursement that does not exceed the applicable federal rate need to substantiate only the elements of time, place and business purpose.

The expenses would be 100% deductible.

to be a temporary assignment it must be realistically expected to last for a year or less.

I hope this is of some help.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.