Question: What tax return reporting procedures must be followed by an employee under the following circumstances? a. Expenses and reimbursements are equal under an accountable plan.
What tax return reporting procedures must be followed by an employee under the following circumstances?
a. Expenses and reimbursements are equal under an accountable plan.
b. Reimbursements at the appropriate Federal per diem rate exceed expenses, and an adequate accounting is made to the employer.
c. Expenses exceed reimbursements under a non-accountable plan?
Step by Step Solution
3.26 Rating (161 Votes )
There are 3 Steps involved in it
a The reimbursements and expenses are omitted from the return b ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1152-L-B-L-T-L(5645).docx
120 KBs Word File
