CPA Expense Reimbursements tax return 
Withum
OCTOBER 7, 2024
Prior to the Tax Cuts and Jobs Act of 2017 (“TCJA”), unreimbursed out-of-pocket expenses paid by employees were treated as a miscellaneous itemized deduction on an employee’s personal tax return to the extent these out-of-pocket expenses exceeded 2% of the employee’s adjusted gross income.
SkagitCountyTaxServices
MAY 12, 2021
You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. Now, let’s dive into handling business expenses paid by employees. Thus, you’re supposed to pay the equivalent sales tax in the form of use tax and file a separate tax return for this purpose.
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