Assertion: reimbursement | /r/HasProperty | taxable
Facets:
value: to the self-employed employer
type: TRANSITIVE-OBJECT
value: to the board member
type: TRANSITIVE-OBJECT
value: as wages
type: OTHER
value: in most countries
type: LOCATION
value: generally
type: DEGREE
Source sentences:
text: However, reimbursements for expenses that are classified as “non-accountable plan” reimbursements are generally taxable and reportable to the recipient.
text: So, even if the expenses are ordinary and necessary, if the employer does not have an accountable plan, then any reimbursements are taxable income.
text: Keep in mind if the requirements of an accountable plan are not met, the reimbursement is considered taxable.
text: Reimbursement of the services and/or memberships covered under this Program is considered a taxable fringe benefit in most countries.
text: We commonly get questions on how to determine what allowances and reimbursements are taxable.
text: And therefore If the government entity reimburses a board member for commuting, that reimbursement is taxable to the board member and subject to employment taxes.
text: John: The answer to this is that since the employee does not satisfy the first requirement "On the employer's business premises" and the employee is not staying overnight, as they are not away from home long enough to require substantial rest, the reimbursement would be taxable.
text: The "deemed" substantiation by using a per diem amount is not applicable when the person is not in travel status and thus the reimbursement would be taxable.
text: If reimbursements are not paid under an accountable plan, or the reimbursement exceeds the allowable amounts, the money, or a portion of it, is taxable as wages.
text: If the employer is self-employed, any reimbursements for their own or their dependents’ health care costs are taxable income to the self-employed employer.