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Expense reimbursements with no receipts

June 9, 2022
June 9, 2022

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Q. Can you please explain the consequences to the company and employee if a company reimburses an employee for travel and entertainment expenses without proper documentary evidence to support the expense? I would like to explain this to non-financial staff that push back when the accounting departments requests receipts. A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498,…

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