Accountable plans - Spidell

Accountable plans

Log in to Post

Message Board Accountable plans

This topic contains 1 reply, has 2 voices, and was last updated by Sandy Weiner 8 months, 4 weeks ago.

  • Author
  • #139296

    Just wanted to verify that under Treas Reg 1.62-2(d), that expenses must be deductible by the employer, not the employee to meet this requirement of an accountable plan.  In other words, the fact that individuals can no longer deduct Sch. A misc itemized deductions subject to 2%  floor, does not mean that if an employer reimbursed these expenses they would have to be included in the employee’s gross income because they are not deductible by the employee?

  • #139416
    Sandy Weiner

    Correct. These reimbursements are not included in the employee’s gross income.