Travel Expenses and 1099: Are Reimbursements Taxable for Independent Contractors?
Yes, travel expenses can be included in a 1099 if reimbursed as part of non-employee compensation. Contractors report these on Schedule C with their income. However, reimbursements under an accountable plan are not included in a 1099. Reimbursements for travel expenses should be carefully offset if included. Generally, travel expense reimbursements are not taxable if … Read more