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Financial Planning / Tax Strategies


Subject:  Re: 1099 for expense reimbursement Date:  9/18/2012  10:01 PM
Author:  Jeanwa Number:  116619 of 131364

Revenue Ruling 63-77: The IRS specifies that reimbursements made to individuals by a prospective employer for expenses incurred in connection with travel for interviews are not considered wages for federal tax purposes.


I think that is why the payment is on the 1099 instead of a W2.

Wages usually refers to payments subject to Social Security, Medicare, etc.
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