Include Travel Reimbursement to 1099 for Directors?

tracinda2000 · #1 (**permalink**) 01-22-2009, 05:10 PM

Hi,

I know I need to send out a 1099 for Directors fees - but what about the travel and entertainment expense reports that are reimbursed back to them?

Tracy

TaxGuru · #2 (**permalink**) 01-23-2009, 10:51 AM

The travel and entertainment expense reports that are reimbursed back to them are generally not includable in the 1099-Misc reports.

Only the fees paid to them for their services are reportable as 1099-Misc income to the directors or any third party. The reimbursed expenses are generally not includable. The company that reimburses these directors for both travel and entertainment will instead deduct these expenses on their tax return!