559423
You'll need to sign in or create an account to connect with an expert.
If the expenses are reimbursed under a non-accountable plan, where you do not have to submit receipts and prove your expenses, then yes.
If the expenses are reimbursed under an accountable plan, where the board member must submit receipts and prove actual business expenses and are only reimbursed for approved expenses, then no. Such reimbursements are not taxable income. (A per diem can fall under an accountable plan as long as the member is required to submit receipts in a timely manner and is required to repay any per diem in excess of actual expenses.)
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
erik 7
New Member
jennie-hrastar
New Member
in Education
MainiacGus
Returning Member
jake-meier5283
New Member
in Education
mkoleary52
New Member