I had a guy at work tell me I can write my ff the hotel stays on my tax return as a expense. I had some scepticism about it since it's a company expense and not mine. And was wondering if he was correct ? If I can I guess I should start getting receipts for my stays.
no, he was wrong, stay away from the truck stop counter accounts, lawyers, and doctors. anything the company pays, is not for you to recoup.
I'm going to make one correction. stay away from the truck stop counter accounts, lawyers, and doctors.
I used to itemize my personal hotel expenses while on the road. But that's no longer an option for employee drivers for tax year 2018 and beyond. But company paid/reimbursed hotels? No, regardless.
That's what the H & R Blockhead told me as well. Nothing you buy for the job is a writeoff anymore from hats to boots. You'll see the dif in your variable mileage paycheck. Looks like I'll save $200 next year.
Lots of people will pay for stuff, hotels, lights, lumpers, whatever, turn in a receipt to their company for reimbursement then use the same receipt for a tax write-off. They may get away with it but if you get caught, the IRS takes tax fraud seriously. It's illegal and would be inadvisable.
Ignore all the posts above mine telling you that you can't... you absolutely can. It won't ever be a problem... Unless you get audited. Sec. 7201. Attempt to evade or defeat tax Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution.
For some the increase in the standard deduction will offset much of this. Makes it easier to keep up with the records too. I was looking through my 2012 tax records and noticed that if this new standard deduction was in place then I would have got a bit over $400 more back. Just saying it is not all bad for everybody.