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#1
04-12-2005, 10:11 PM
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 Re: Expenses reimbursed by an employer "Den" <nul[at]nul.nul> writes: - quote - > Do I need to declare as income on my federal / state tax
It depends on whether or not your employer has an> returns, money that is refunded to me by my employer in > respect of business expenses that I have incurred and paid > for out of my pocket on behalf of the employer? accountable (that's a term of art, there) reimbursement plan. If so, you don't. If he doesn't, you do. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-12-2005, 09:14 PM
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| Re: Expenses reimbursed by an employer Den wrote: - quote - > Do I need to declare as income on my federal / state tax
Possibly. It depends on how the reimbursment plan is set up.> returns, money that is refunded to me by my employer in > respect of business expenses that I have incurred and paid > for out of my pocket on behalf of the employer? If one includes the reimbursment in income, one deducts the expenses. If one doesn't include the reimbursment, no deduction. It is not proper to ignore the reimbursment AND deduct the reimbursed expenses. [I assumed that the reimbursment exactly equalled the expenses.] << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-11-2005, 10:06 PM
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| Expenses reimbursed by an employer Do I need to declare as income on my federal / state tax returns, money that is refunded to me by my employer in respect of business expenses that I have incurred and paid for out of my pocket on behalf of the employer? Cheers D << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| employer, expenses, reimbursed |
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