Question: Discuss the reporting procedures that should be followed by an employee to report employment related expenses on his or her tax return under the following
Discuss the reporting procedures that should be followed by an employee to report employment related expenses on his or her tax return under the following conditions:
a. Expenses are less than reimbursements, and no accounting is made to the employer.
b. Expenses equal reimbursements, and an adequate accounting is made to the employer.
c. Expenses exceed reimbursements, and an adequate accounting is made to the employer.
d. Expenses are less than reimbursements. An adequate accounting is made to the employer and the employee is required to repay any excess amount.
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