What ACCOUNTABLE PLAN means: A plan for reimbursing employees for expenses such as meals, entertainment, travel, and transportation incurred for business purposes on behalf of the employer. A plan is an accountable plan if the employer requires the employee to adequately account for all business expenses and to return any excess reimbursements. For employees under an accountable plan, reimbursements aren't entered on the tax return as income and the expenses aren't deductible.
- Definition Advance Earned Income Credit:
- Dictionary Payment by an employer based on an employee's claim to entitlement to the earned income credit. Advance earned income credit payments are treated as additional taxes on the tax return accountable plan definition.
- Definition Accrued Interest:
- Dictionary Interest that has been earned but not yet paid or credited; for example, for a bond on which interest is paid seminanually, interest earned during the six-month period in between payment dates accountable plan explain.
- Definition Annuity Starting Date:
- Dictionary The first day of the first period for which an amount is due as an annuity payment under an annuity contract accountable plan what is.
- Definition Average Basis:
- Dictionary A method of figuring basis that can be used only for sales of regulated investment company (including mutual fund) shares. The taxpayer can choose either the single-category or double-category method accountable plan meaning.
How works Accountable Plan meaning in Tax definitions A .
