Tax

[Olagh]

Hi
I spent 2500$ for CME and when I submitted the receipts I received 1700$ Accounting service of my hospital send me paystub for this money
federal taxes 550 and state tax 165 and Medicare 58.75
I told them I have already paid taxes on the money that I have paid for CME.
I was advised “ CME money is taxable “I don’t understand how CME reimbursement is taxable? I already paid taxes on the money that I paid for my CME again I have to pay taxes on the reimbursement? How many times I have to pay taxes? How should I approach this situation. According is adamant that they are right?

[DavidGlennCPA]

This shouldn't be taxable. They need to treat this like an accountable reimbursement plan. By providing documentation for the expense they can treat the payment to you as tax-free.

It saves the hospital money to do this.

Tell them to Google "Accountable Reimbursement Plan".

[Lordosis]

Do you get reimbursed on the sales tax for what you buy?

[Olagh]

I paid for my boards and in my contract registration fees for board exam is considered CME money. So I didn’t pay taxes .