D is employed by MH&G public accountants.While at an out-of-town continuing education course held by the firm, he incurred meal expenses that were less than the amount he was reimbursed.D is reimbursed under a per diem scheme that provides for reimbursements not greater than certain amounts prescribed by the IRS.D must return the excess for the reimbursement arrangement to qualify as an accountable plan.

Question

Quizplus · Accepted Answer

Under an accountable plan, expenses that do not exceed the IRS-prescribed per diem rates do not require the employee to return the excess as long as the expenses are business-related and adequately accounted for.

D Is Employed by MH&G Public Accountants