Monthly Expense Report

Accountable Plan Expense Substantiation

P1Foundation
⚠️ IRS Requirements (IRC §62(a)(2)(A), Reg. §1.62-2): To qualify for tax-free reimbursement under an accountable plan, expenses must have a business connection, be substantiated within 60 days, and any excess reimbursement returned within 120 days.

Employee Information

Common Expense Categories

  • Meals & Entertainment — Generally 50% deductible, document attendees and business discussion
  • Travel — Airfare, train, lodging for business trips
  • Vehicle Expenses — Gas, parking, tolls (separate from mileage)
  • Mileage Reimbursement — Use current IRS standard rate (70¢/mile for 2025)
  • Office Supplies — Pens, paper, postage, office equipment
  • Professional Development — Courses, conferences, certifications

Expense Details

Date Category Description/Vendor Business Purpose Receipt # Amount Miles
TOTAL EXPENSES: $0.00 0
MILEAGE REIMBURSEMENT (@ $0.70/mile): $0.00
GRAND TOTAL: $0.00

Certification & Approval

I certify that the above expenses were incurred for legitimate business purposes and are properly substantiated with receipts and documentation as required by IRS regulations.