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accountable reimbursements

by KEN EMERT
(WYCKOFF, NJ)

I am retiring from my congregation and i have a retirement contract with the congregation

They are giving me a certain dollar amount each year for 10 years and i would like to have an accountable plan--so that i can deduct the expenses for health, travel, auto, convention, education, etc --which would in essence allow me now to have to put it on schedule C--and if all of the expenses add up to what they are giving me--i would not receive a 1099---

PLEASE ADVICE--IF THIS IS CORRECT?

THANKS

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Join in and write your own page! It's easy to do. How? Simply click here to return to AR Plan.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)



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