Re: Additional IPA Information Greg Thompson 03 Dec 1999 12:57 EST
Be careful what you call taxable...when I was in D.C. on an IPA assignment it was for a year and was not federally taxable. I was hit, however, with a Virginia State income tax because I had an apartment in Roslyn Va. ...so depending upon the location, it may be "taxable" at the state level. They also wanted to renew me for a 2nd year but I decided against it because it would then become taxable at the federal level also. At 11:03 AM 12/3/99 -0600, you wrote: >Pursuant to a discussion with our Director of Accounts Payable this >morning, I learned the following that might help in this discussion about >IPA agreements and reimbursement of certain living expenses. > >What I think I heard was the IRS regulation says that income received by a >person in travel status for one year or less (say 364 days to be safe) for >standard expenses (lodging, meals and incidentals, transportation??) is not >taxable. However, if a person actually "moves" and is reimbursed for >moving expenses then they may not be considered on "travel status" and the >whole "caboodle" becomes taxable. Would anyone more knowledgeable than me >care to comment on this? > >We also discussed the idea that reimbursement of some reasonable amount to >pay for a roof over someone's head seems fair but that meals, travel to and >from work, and enhanced cable TV is not. Reimbursement should be only for >the absolute bare essentials needed to survive AND which would be >duplicative of expenses for keeping up a second household. For example, >two house payments is a burden. BUT if you are eating and driving to and >from work at your new location, you don't have a food or transportation >expense at your old location. > >I am beginning to rethink the idea that there is a benefit to these types >of IPA arrangements. (just kidding) > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== > > To learn more about Research at Florida State University please visit our website: http://www.research.fsu.edu/ Greg Thompson Associate Director Florida State University Sponsored Research Services 118 North Woodward Avenue Tallahassee, FL 32306-4166 xxxxxx@mailer.fsu.edu 850-644-5260 (SUNCOM 284) 850-644-1464 (FAX) ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================