Are travel and expense reimbursements to board members reportable?

January 4, 2019


Q. (cont.) I see information regarding "travel reimbursement for which the non-employee did not account to the payer..." but I'm not clear on what "account to the payer" means. A.  For expense reimbursements to be excluded from tax reporting, they must meet the accountable plan rules.  Please see Pub. 463, page 30, for a discussion of accountable plan rules: Q. I’m still unclear as to what “they must meet the accountable plan rules” means for…

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.