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SAMPLE LONG FORM ACCOUNTABLE REIMBURSEMENT POLICY

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this is Valerie chambers and this short module is on accountable vs. not accountable expense reimbursement plans if you are self-employed you can deduct business expenses if they're ordinary and necessary employees though cannot deduct their expenses are their employee business expenses they used to be able to deduct them on Form 2106 which feeds into schedule a self-employed people deduct the same expenses for AGI on Schedule C if it's a sole proprietorship Schedule E if it's rental Schedule F if they're farmers for example but employees are no longer able to deduct business expenses so it's important that they're reimbursed for them sometimes employees are reimbursed for the expense for some expenses but not all now expense reimbursement plan these are for employees only if you are an employee of a company and you're being reimbursed for expenses for example if you're being fully reimbursed for expenses those expenses do

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