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Tax Preparation Fees

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If I am an executive for my company and my company reimburses me for my tax prep fees, is that income to me? Please support answer with Internal Revenue Code and citation.

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Solution Summary

This solution explains tax preparation fees reimbursement in three well-defined steps with definitions and recommendations. The sources used are also included in the solution.

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Step 1
Reimburse means that actual fees incurred by you are paid by the company. If you have actually incurred tax preparation fees, these are tax deductible. If you receive reimbursement, this should be added to your income.

Step 2
You should consider "Tax preparation fees (Schedule A (Form 1040), line 22 or ...

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