Gift card on expense report
May 31, 2019
Q. We received an expense report request for the purchase of a gift card from Jos A Bank in the amount of $2000 to purchase uniforms/suits which will be a direct billed to the client. Are receipts required? If receipts not attached to support the suit amount, is the amount considered a taxable income to the employee?
We received an answer to your question. It was answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced…
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