Your employer will combine
the amount of any reimbursement or other expense allowance paid to you under a
nonaccountable plan with your wages, salary, or other pay. Your employer will
report the total in box 1 of your Form W-2. You must complete Form 2106 or
2106-EZ and itemize your deductions to deduct your expenses for travel,
transportation, meals, or entertainment. Your meal and entertainment expenses
will be subject to the 50% limit discussed earlier under Entertainment
Expenses. Also, your total expenses will be subject to the
2%-of-adjusted-gross-income limit that applies to most miscellaneous itemized
deductions on Schedule A (Form 1040).
Selig & Associates provides the most
aggressive tax representation allowed by law. Specializing in Trust Fund
Recovery Penalty (TFRP) representation, and all payroll, income and sales tax
controversies. We settle contested tax audits; negotiate excellent payment
plans, compromise tax debts, and resolve all civil and criminal tax issues,
including innocent spouse relief and separation of liability. For a FREE
CONSULTATION call us today (212) 974-3435
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