Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Unless I've misinterpreted something in the above, I think you have missed an important distinction re Form 2106. If your employer is treating the "reimbursements" as taxable income to you, you CAN take the deductions on Form 2106. Re-read the instructions & the form if you have access to it. Note that on Line 7 (1998 Form) you show the reimbursements that the employer DID NOT include in Box 1 of your W2 (Box 1 is the taxable income box). Since your employer DID include the $ in Box 1, the reimbursements will not come into play on your 2106.
Hope this helps.
Regards, Gregg

Oh wow...there's a glimmer of hope...the only cloud on the horizon now is the clause that states:

Include any reimbursements reported under code 'L' in box 13 of your Form W-2.

Wait - this just in - the accounting center at my ex-employer just informed me that this will show up as income in box 1 - WOOHOO!!!!

*Happy Dance*

You guys have MADE MY DAY! Of course I'll run all of this past my tax dude, but you all are the best...if you guys were here I'd buy you all a beer or three for the $$ I get to keep...

Muchos Muchos Gracias!


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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.