Discussion:Brain dead...please indulge this dumb question
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Advanced Tax Questions --> Brain dead...please indulge this dumb question
Discussion Forum Index --> Tax Questions --> Brain dead...please indulge this dumb question
| 4 March 2009 | |
| Here you go, Kevin, I'm there and I take every Sunday off. I'm asking this and I don't care how dumb it is. Sales rep paid as an employee gets a flat $300 every two weeks for auto reimbursement. Non-accountable plan and 100% included in Box 1 of W-2, nothing in Box 12. TP keeps mileage log and has over $10,000 using SMR. HR tells him that he reports W-2 income as is and can only deduct difference between reimbursement and SMR on 2106. This is wrong, isn't it? All of mileage goes on 2106, right? Non-accountable and all reimbursement included in W-2. Thanks. | |
Death&Taxes (talk|edits) said: | 4 March 2009 |
| Of course it's wrong. I must be going dead; I thought for a second that HR was Human Resources. | |
| 4 March 2009 | |
| you are correct, LJACPA, and you're right, this is just second-guessing yourself. You already knew you were right. | |
Rgtaxservice (talk|edits) said: | 4 March 2009 |
| D&T, HR is Human Resources. | |
| 4 March 2009 | |
| If it is included in box 1 then you can deduct all the mileage without reducing it by the reimbursement. You are correct. | |
Michaelstar (talk|edits) said: | 4 March 2009 |
| It's baseball season already - D&T - it means Home Run :-} | |
Death&Taxes (talk|edits) said: | 4 March 2009 |
| Thank you for the reminder, Michael. | |
Michaelstar (talk|edits) said: | 5 March 2009 |
| David - I just needed that break Kevin is talking about | |
Rgtaxservice (talk|edits) said: | 5 March 2009 |
| Stupid m-f'n retards? or don't we just call them clients?
That's classic. | |
Inagpurwala (talk|edits) said: | 5 March 2009 |
| D&T,
To some HR means "Half Retarted" as one of my previous co-worker used to say! IshaqInagpurwala | |
Death&Taxes (talk|edits) said: | 5 March 2009 |
| It is IM talk for Schmear such as a Schmear of cream cheese on the bagel. | |
To join in on this discussion, you must first
log in.
