On Oct 16, 8:08*am, kam...[at]panix.com (Arthur Kamlet) wrote:
- quote -

My email address was from when I was doing an Internet radio show
about poker on Talkshoe.com. "Recreational Poker with Scott Jensen".
I had once had an independent website for the show and thus where my
email address comes from, but have since stopped producing episodes
for it and took down the website but have kept the email address
active. The reasons for stopping was because Talkshoe changed its
compensation structure to greatly favor and encourage live shows.
Mine wasn't designed that way.

As for the nature of my future employer, it has nothing to do with
poker. As for who is my future employer and the nature of his
business, I will have to remain silent on that for now. We are
getting a substantial amount of funding from a hedge fund and then
going on a shopping spree in the US. We don't want to alert our
competition or sellers of this fact.

Scott Jensen

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In article <815dc8be-08da-4327-83a1-1a73355d25a9[at]a70g2000hsh.googlegroups.com> ,
STJensen <RecreationalPoker[at]gmail.com> wrote:
- quote -


Scott

I just noticed your email address is RecreationalPoker at ....

Does this business somehow relate to poker? Would you share the
nature of your business with us?
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
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On Oct 16, 10:30*am, STJensen <RecreationalPo...[at]gmail.com> wrote:

- quote -

Yes, the 50% limit applies to groceries.

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Mark Bole <ma...[at]pacbell.net> wrote:
- quote -

Does this apply to groceries bought while on business travel? Due to
severe food allergies, one of the jobs of one of my assistants is to
be my cook and we will be staying in "extended stay" hotels for their
kitchenettes for this reason. Thus the EA will locally grocery shop
and cook for all of us. We won't eat at restaurants.

Scott

--
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"Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -

Yes to both. That's good to know. I'll then do it.

As for the 1099 error, that number was raised by a poster in the other
newsgroup and I didn't correct it before posting here. I realized the
second after I fired off the post.

Phil and Paul, thanks for the replies!

Scott Jensen

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Phil Marti wrote:
- quote -

And if not all employees, you'll have to figure out who takes only the
50% tax deduction allowed on meals and entertainment.

-Mark Bole

--
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"STJensen" wrote:

- quote -

I'm not as sanguine as Paul without some more information.

1. Are you and the subordinates employees of the company? I ask because
you threw a 1099 into the mix, which doesn't apply to employees.

2. Is it an "accountable" plan of reimbursement for you and your
subordinates? That means that you submit the expense reports and the
company reimburses you within allowable guidelines.

If all are employees of the company and it's an accountable plan, then it
has zero effect on your taxes.
--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"STJensen" <RecreationalPoker[at]gmail.com> wrote
- quote -



You are being reimbursed for your travel and other business related
expenses. Said expenses will include the cost of travel expenses you pay
for an "EA". If it's just travel expenses and not payroll to the "EA", then
I see no issue with how the money actually flows. And yes, it's easier when
a group travels to reimburse one or two people for everyone's travel costs
instead of dozen of people for each separate travel cost.

So as long as you pay all the travel costs, then you should get reimbursed
for all that you paid.

If it's an accountable plan, you should be submitting detailed reports that
document the expense (maybe including the receipt). Reimbursements through
accountable plans are not income to you and shouldn't be reported on your
W-2 or any 1099.

If you get a 1099, don't ignore it entirely. The IRS doesn't know it's in
error. Get your employer to fix the problem if they do issue one for your
travel cost reimbursement.





--
Paul A. Thomas, CPA
Watkinsville, Georgia

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I am about to be employed by a company that will be reimbursing me for
my travel expenses. As I will be traveling full-time, this is an
important issue for me. I raised this issue first in the newsgroup
misc.business.moderated (thread title "Does reimbursements increase
one's taxable income?") and one of those that replied suggested I ask
a tax newsgroup a question. That question is whether or not I can
count my subordinate's Federal per diem rates. I will have executive
assistants traveling with me and my company tells me that if I pay
their travel expenses, the company will reimburse me. As I understand
it (from what was said in the replies in the other newsgroup's
thread), I can essentially ignore for tax purposes the money my
company reimburses me as they do on 1099 as long as it is a legitimate
travel expense and below some certain amount. However, one of the
reply posters didn't know if I could do likewise when paying for the
travel expenses of my EAs. The company's idea is to simplify the
whole process by me paying it all and company reimbursing just me.
However, if it raises my taxable income, that's another issue. Is
that an issue?

Thanks in advance!

Scott Jensen

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >