A system of reimbursement or providing allowance to cover expenses incurred that does not require an employee of a company to submit receipt as proof of expenses incurred such as meals, travel and accommodation. It also does not require staff return any excess from allowance given. Non-accountable plan is a less stringent form of reimbursing employees for expenses than "accountable plan", which requires employees to submit proof of expenses such as receipt or return any excess of any allowance given.
Related information about nonaccountable plan:
- Publication 463 (2011), Travel, Entertainment, Gift, and Car Expenses
This excess amount is considered paid under a nonaccountable plan (discussed later). ... A nonaccountable plan is a reimbursement or expense allowance ...
- IRS Publication 463, Nonaccountable Plans - Small Business Notes
A nonaccountable plan is a reimbursement or expense allowance arrangement that does not meet one or more of the three rules listed earlier under ...
- What is nonaccountable plan? - BusinessDictionary.com
Definition of nonaccountable plan: An arrangement made between an employer and an employee that allows the employer to reimburse an employee for ...
- Accountable v. Nonaccountable Plans - IRS Video Portal
A nonaccountable plan is a reimbursement plan or policy which does not meet ... Amounts paid under a nonaccountable plan are income to the employee and ...
- Reimbursing Employees' Expenses
The catch is that you are required to withhold income taxes and employment taxes on reimbursements made, or considered made, under a nonaccountable plan ...
- Article - NYSSCPA.org
If one or more of the three requirements specified above are not met, all amounts paid are treated as paid under a nonaccountable plan. If an employee fails to ...
- What is nonaccountable plan? - InvestorWords.com
Definition of nonaccountable plan: A system of reimbursement or providing allowance to cover expenses incurred that does not require an employee of a ...
- How To Treat Reimbursements
Any part of your reimbursement that does not meet all three rules is considered paid under a nonaccountable plan. Expenses equal reimbursement.