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The ruling clarifies that an arrangement that recharacterizes taxable wages as nontaxable reimbursements or allowances does not satisfy the business connection require-ment of the accountable plan rules under section 62(c) and the applicable regulations. Specifically, this ruling includes four sit-uations.
If you are reimbursed for the cost of your meals, how you apply the 50% limit depends on whether your employer's reimbursement plan was accountable or nonaccountable. If you aren’t reimbursed, the 50% limit applies even if the unreimbursed meal expense is for business travel.
10 wrz 2012 · This ruling provides guidance for employers under section 62 (c) of the Code and the applicable regulations. The ruling clarifies that an arrangement that recharacterizes taxable wages as nontaxable reimbursements or allowances does not satisfy the business connection requirement of the accountable plan rules under section 62 (c) and the ...
The IRS issued guidance on situations in which employers recharacterize wages as nontaxable reimbursements and whether they satisfy the business connection and other requirements to be treated as paid under an accountable plan under Sec. 62(c) (Rev. Rul. 2012-25).
Rev. Rul. 2012-25, 2012-37 IRB 337, IRC Sec(s). 62 Gross income—wage recharacterization—reimbursement arrangements. Headnote: IRS provided guidance for employers under Code Sec. 62(c); and applicable regs clarifying that arrangement that recharacterizes taxable wages as nontaxable reimbursements or allowances doesn't
The IRS issued guidance on situations in which employers recharacterized wages as nontaxable reimbursements and whether they satisfied the business connection and other requirements to be treated as paid under an accountable plan under Sec. 62(c) (Rev. Rul. 2012-25).
Now, in Rev. Rul. 2012-25, the IRS has described four situations where employers have recharacterized taxable wages as nontaxable business expense reimbursements and has ruled on whether these arrangements satisfy the business connection requirement of the accountable plan rules.
