Jun 16, 2025 · The Internal Revenue Service (IRS) provides specific timelines for expense reimbursements to ensure they are treated as non-taxable payments rather than wages. …

P.L. 115-97, Tax Cuts and Jobs Act, suspends the exclusion for qualified moving expense reimbursements from your employee's income for tax years beginning after 2017 and before …

May 19, 2025 · To avoid tax consequences on expense reimbursements, University employees should remember the 60-Day Rule: Expense reports for out-of-pocket expenses must be …

This change ensures compliance with IRS Publication 463, which now mandates expense reports be submitted within 60 days of the trip end date or the date a non-travel expense is incurred.

ury Regulation 1.162-2 which allows the university to reimburse out-of-pocket expenses incurred by its employees on a tax-free basis. Accordingly, the Internal Revenue Code and Treasury …

Mar 3, 2025 · Reimbursements must now be submitted within 60 days for them to avoid being treated as taxable income. This article details the background to the change as well how to …

To receive reimbursements under the reimbursement arrangement, employees must submit expense reports with any necessary receipts to the employer within 30 days after returning …

Mar 19, 2025 · google the 60 day accounting accountability rule. it states: The "60-day rule" in accounting, particularly within the context of accountable plans, means that business …

Mar 24, 2025 · The Tax Cuts and Jobs Act of 2017 suspended the previous tax-free treatment of moving expenses from 2018 through 2025 (with an exception for active-duty military moves), …

Dec 12, 2023 · Beginning January 1, 2024, any out-of-pocket expenses that are submitted for reimbursement more than 45 days after the transaction date—or end of the trip for travel …