Reimbursing Expenses Under Accountable Reimbursement Plans – These Days, It’s the Only Game in Town

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With employee business expenses no longer deductible for employees, reimbursing employees is the only game left in town. Tens of thousands of dollars, if not more, are at risk annually, all at the throws of whether an accountable expense reimbursement plan is properly structured and operated.  To be on the right side of this one, nothing at all can be taken for granted.  All must be done impeccably else the employment and income tax consequences can be fierce.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected].

Basic Course Information

Learning Objectives

• To learn the critical importance of proper structure and operation of an accountable plan to reimburse employees for out-of-pocket business expenditures
• To learn how proper substantiation can save your bacon or improper substantiation can cook it 
• To learn how to do everything right in this context and take nothing for granted

Major Subjects

• Proper structure and operation of an accountable expense reimbursement plan
• Deadly consequences of failure to properly structure and operate
• Per diem plans for away from home travel and meals
• Reimbursing employees for use of employee’s vehicle
• What does WWWWH have to with it anyway?
• How language on the paycheck stub can sink your boat (even if you do everything else right)
• What is temporary travel and why is it so not great if it’s not
• When an employer can pay for an item directly and to avoid taxable wages (what substantiation must be done no matter what)
• How a sole proprietor or partner can benefit from these rules
• Tool rentals:  The good, the bad and the not pretty at all
• How the Alaskan pipeline led to a huge stumbling block we all must heed

Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor.

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