Can a partnership adopt an accountable plan to reimburse home office and business expenses?
Yes, a partnership can absolutely utilize an accountable plan. However, the partnership will need to adopt an accountable plan and the partnership agreement should reflect the reimbursed expense policy."
qbteachmt
Level 15
03-12-2021
03:58 PM
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I recommend you research Accountable Plans.
Example:
"Partnerships, accountable plans and reimbursements.
Ways to cover expense that revolves around your business.
Written by Halon Tax Support
Updated over a week ago
Updated over a week ago
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"Level Up" is a gaming function, not a real life function.
