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Printable Form 2106-EZ Roseville California: What You Should Know
For tax years beginning after December 31, 2015, the simplified form allows employees to deduct only the basic business expenses, rather than the more complex Form 2106-EZ (Reimbursed Individual Business Expenses). As a result, there will not be a form 1040 or Form 1040NR to file to claim these deductions. The simplified form is available beginning January 26, 2017. Note that while the simplified form may make the process of claiming your employee business expenses faster, there are some important limitations. Most significantly, a Form 2106-EZ deduction is available only for employer-paid expenses. Also, these deductions apply only to the employee's portion of the expense, unless otherwise indicated. Therefore, certain expenses—including business meals and car rental—must be itemized on the employer's return as taxable expenses. Employer-paid meals and car rental are deductible from an employee's regular pay. For more information, see the article What is Form 2106-EZ?, as well as the Form 2106-EZ instructions and the Simplified Employee Business Expenses Form (PDF). If a deduction is available, you can deduct certain expenses that are directly related to your job. For example, if you are hired as a receptionist, you can deduct your share of the total cost of the business-related meal you are provided to your new job, the business-related insurance you are asked to purchase to protect your job, and your share of the deductible expenses for your car for business trips you take. The business expenses you do not deduct are those incurred under a provision other than the IRS-approved requirements for determining and claiming this deduction. These include: • Medical or dental expenses; • Social security or pension benefits; or • Any out-of-pocket expenses you pay, including premiums or any fees for the purchase of equipment, supplies, or services for your business. Reimbursed employee business expenses for business expense deductions — Form 2106-EZ Employers are required to report on Forms 1040, 1040A, 1040EZ, and 1040A2 each reimbursed employee business expense that the taxpayer incurred during the taxable year and the estimated tax that would have been required to be withheld if the full amount of the reimbursement had been includible in income. Employee: A person, including an employee or an employee representative, who is, or becomes, employed by the taxpayer.
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