 I've found that I currently owe money to the IRS..how can I fudge the numbers so I earn a refund? |
| I didn't like the amount I owed the IRS in taxes when I did the calculation. Even though I then made up some expenses for Moving, and some charitable donations, I still owe the IRS about $2050. M... |
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 Mathh help!!? |
if something is %761 ... what would it be bfore tax ?
Additional Details
761$ not %... |
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 How do I do PAYE? |
| My husband is self employed and about to employ a part time assistant. How do I calculate and pay PAYE?... |
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 Stimulus Package? |
| If I got my tax returns via direct deposit will I also recieve the rebate the same way?... |
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 My tax stimulus rebate was due today on june 6, but I did not get it.? |
| I thought they were all received on Fridays. My letter said I should receive by 6/6, but it did not come. When can I expect to receive it?... |
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 Can a cheque be made out on anything, even a live rat? |
| I plan to breed rats that could be used for cheques to pay council, income tax and court fines. I did hear a case of a cheque being made out on the side of a cow!... |
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 No stimulus for me!? |
| My roommate and I filed at the same time in February, both are Single, 1 exemption, SSN is very close. Why did he get his and I did not? We both paid our filing fees with our refund. I also get that &... |
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 Is property tax deductible? |
| I went to my tax guy this year and he never asked about my property tax. I am owing this year. Is there any *other* way that property tax can be deducted. He never asked me for how much I paid so ... |
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 Am I the only one who didn't get their IRS stimulus payment dd today(May 16Th)? |
| yes i had dd on my refund and yes i was suppossed to get money back and no i didnt get a paid for taxes out of my refund or get one of those rapid refund loans. So what now I gotta wait till july to ... |
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 How much tax return will I get back if I donate my car to charity? |
| Someone told me you get $500 in tax return if you donate your car to charity. I live in California so another state could be different.... |
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 Why is the tax amount deducted from my salary is different every month? |
| The amount deducted from my salary every month is different, although no changes has been done to my Tax code or salary.... |
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 Is there a law that requires Americans to pay income taxes? |
If so why won't the IRS show us the law that requires us to pay income taxes? i mean i know the 16th Amendment but it was never ratified.
Additional Details
Ok but first look at the ... |
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 I owe $200 in taxes for '07. Can I file and NOT send a check? |
| I read that if you owed taxes the government will just take it out of your rebate. Is this right?... |
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 How much income tax do Americans pay? |
| We're taxed to hilt in Britain. People say that the American rates of tax are a fraction of what they are here in Britain. Is this true?... |
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 Income tax question...? |
I just got a promotion at work with a significant pay increase. How do I make sure I don't get stuck with a huge debt to the IRS at the end of the year?
I'm married, I don't ... |
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 How much would deducting $2500 on your taxes save? |
| I'm thinking of donating a working car to a charity for actual usage (not to be sold at auction). In which case i would be able to claim the actual fair market value of the car on my taxes, ... |
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pjdavis0131 | If an employer reimburses you for an expenses, does it need to be reported to the IRS? |
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joechuksy
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If you are in employment, then I presume that you are on PAYE (Pay Your tax as you earn), therefore as long as the expense reimbursement is not over and above the actual expense incurred; it does not need to be reported. If however, the reimbursement is a lot more than the actual expense, then it could be treated as a benefit in kind; and the amount over and above the actual expense should be reported as it would be taxable. |
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Mathew
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Only if the reimbursement exceeds the actual cost in which case the excess is income. If you file a Form 2106 for employee business expenses you may need the employer reimbursements to enter in Step 2 of that form. And you should always beware that the employer has not included reimbursements in your wages on your W-2 form at the end of the year. |
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Wayne Z
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Assuming your employer has an "Accountable Plan", No it is not reported to the IRS.
If your employer has a "Non-Accountable Plan" then the reimbursements show up in your W2. Then, if you itemize, you deduct them.
Most employers, including mine, have an Accountable Plan. |
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sclark63401
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You will only need to account for reimbursements if you have unreimbursed expenses that you will be claiming on Schedule A.
Otherwise, No. |
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jack430
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No. It's reimbursement, not income. |
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Dee
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With an accountable plan your employer would have collected your original receipts (typically not taxable to you). However, if they paid you more than what you spent, then the difference would be taxable. For example if their mileage rate is more than the federal government's, then you would have to pay tax on the difference.
An accountable plan means the employer is now responsible for maintaining the documentation, and you can't use those expenses as a deduction because you were reimbursed. |
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RamsGod
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It matters what kind of expense it is. Please repost with more detail. |
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acmeraven
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No. If your employer does report them and include them on your W-2 you can do an adjustment and remove them. |
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AG
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No. When you received your paycheck you were taxed on the money. You paid the expenses from your after-tax money. Your employer is just reimbursing you, not adding to your wages. |
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brownskeith
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Yes in most cases. It needs to be reported as income for reimbursment expense. You only claim a credit if you are not reimbursed for your expense. |
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