16
votes
Are miles driven for business deductible expenses if the travel expenses are reimbursed?
First I wondered whether this is considered taxable income to me.
The linked question refers to the IRS Pub. 463, specifically you should look at this section. It says this:
If you received a ...
- 181k
11
votes
Are miles driven for business deductible expenses if the travel expenses are reimbursed?
If you don't report the money you received because it was a reimbursement for an expense, then you are essentially deducting the expense from the reimbursement to get no net taxable income. You can't ...
- 10.4k
8
votes
Are miles driven for business deductible expenses if the travel expenses are reimbursed?
Expenses that are reimbursed might be deductable for the company reimbursing those costs. But the reimbursement means there's no net cost to you, hence nothing to deduct.
- 49.6k
6
votes
Are miles driven for business deductible expenses if the travel expenses are reimbursed?
If you have given an accounting of your travel expenses to your client, and they reimbursed you exactly what your expenses were, then you would not include this reimbursement in your business revenue (...
- 116k
5
votes
Accepted
Capital gains when selling my boat and HST in Ontario Canada
[note: I am using raw links in this answer because on matters of tax, it's important to know you are on a government site and not a random publication.]
You do not have to charge HST on the sale of ...
- 13.4k
4
votes
How to remove spouse from our OR car title in Arkansas
If the title lists {you} OR {spouse} then only a single signature is required.
If the title lists {you} AND {spouse} then both signatures are required.
If the title does not list either words {OR} or {...
- 1,414
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