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Started By
Message
Posted on 2/21/13 at 2:40 pm to iAmBatman
quote:
as a reimbursement
This is the key word here. If audited, you need to be prepared to show that you actually incurred costs equal to or exceeding what you received. Any money above those costs are taxable.
For example, your employer can't pay you minimum wage and then call $200K your vehicle allowance. Well, they can, but you will be in serious trouble with the IRS eventually.
This post was edited on 2/21/13 at 2:45 pm
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