The difference between an accountable and a non-accountable plan is tax. Accountable plans meet the IRS’ requirements for business expense reimbursements to be excluded from an employee's gross ...

In a recent private letter ruling, the IRS clarified how employer reimbursement of employee expenses for tools, equipment, training or certification required as a condition of employment may qualify ...

Those expenses reimbursed between 61 through 119 days after the last day of the trip will be considered reimbursed on a non-accountable plan basis (e.g., taxable). RIT is required to combine the ...

The IRS issued guidance on situations in which employers recharacterized wages as nontaxable reimbursements and whether they satisfied the business connection and other requirements to be treated as ...

He paid a lot of lodging, meals and incidental expenses to do the work related travel. His employer issued him a W-2 for 2013 for $131,884 that included as wages $42,812 of per diem travel allowances ...

Under CU’s accountable plan, employees are required to substantiate the business purpose of the expense, provide any required receipts/other documentation, and reimburse the university (if appropriate ...