- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Tax question regarding fuel
Posted on 1/16/13 at 9:18 am
Posted on 1/16/13 at 9:18 am
Reimbursement. I get a certain amount of money at the beginning of the month for fuel. No taxes are taken out of that check and my employer will 1099 me for it. How do I report this. I keep all my fuel receipts, I'm just worried I will have to pay taxes on it and its a lot of money.
I don't know much about taxes so if the above question makes no sense sorry.
I don't know much about taxes so if the above question makes no sense sorry.
1
Posted on 1/16/13 at 11:27 am to HamCandy
Are you an independent contractor? Not quite enough info in your question. If you are reimbursed for your fuel expenses, you have no fuel expenses.
Posted on 1/16/13 at 12:39 pm to BFIV
I'm a salary employee. The amount I get per month is fixed, wether I drive 20miles or 400miles.
Posted on 1/16/13 at 1:43 pm to HamCandy
It'll be included in your gross wages in your W-2. You'll need to list your automotive expenses as unreimbursed employee business expenses which will become an itemized deduction. If you don't itemize, that's bad news. If you do there's still a 2% floor on these deductions, but hopefully you've been slightly overcompensated for gas.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News