2007-02-23 07:05:29 · 4 answers · asked by smallwood.richard 1 in Business & Finance ➔ Taxes ➔ United States
You just don't deduct those expenses from from you earnings....then you don't have to deduct the reimbursement.
2007-02-23 07:09:22 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Oh yeah! Unless this was a reimbursement associated with Katrina. This is why a tax pro should warn that if you are claiming a loss on something for which you may be reimbursed it can be taxing.....
good luck & bless
2007-02-23 15:10:51 · answer #2 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
if your not making any money on the reimbursements and your not deducting them from your taxes. Like for example, if you receive mileage for driving your car on the job, it doesn't count against you. However if you claim gas, or wear and tear as a deduction, you have done so illegally.
2007-02-23 15:14:53 · answer #3 · answered by redgralle 3 · 0⤊ 1⤋
Are you speaking of employer reimbursements for money you paid out of your pocket for your employer's business expenses?
Then no.
In order to answer your question we would need to know what type of reimbursement you are speaking of.
2007-02-23 15:44:39 · answer #4 · answered by Gem 7 · 1⤊ 0⤋