What are the Requirements of an Accountable Plan?

Are you aware of the requirements of an accountable plan? The IRS has certain requirements for business reimbursements and an accountable plan may be required.

We recommend you setup a written plan for reimbursing employees, including pastors, for business expenses even though it may not be technically required by the IRS. This helps avoid confusion and conflicts regarding these reimbursements. What are the IRS requirements for an accountable plan?

Previous

Is a Gift or Stipend to a Volunteer Taxable Income?

Next

PowerChurch Plus: How to Print Annual Contribution Statements