topic Accountable Plan in Business & farm

Accountable Plan

SCORP2 — Tue, 10 Feb 2026 10:44:48 GMT

I have a LLC S-corp and reimbursed myself for expenses such as phone, car, and office use of home.

I did not declare it as income.

I did deduct the expenses on 1120S

But where does it document that I received it? If you can be specific to how to do it I'd appreciate it.

Thank you!

MinhT1 — Mon, 26 Feb 2024 13:47:23 GMT

In a properly setup Accountable plan, the company can deduct the expenses, and the employee (you) isn't taxed on the reimbursements.

For the company, the reimbursements are documented by the expense reports submitted by the employee.

The employee doesn't report the reimbursements anywhere.