states employee business expense-non taxable. Must I fill out form 2106? My software automatically makes it taxable if I do not fill out 2106.
code L on w-2
Collapse
X
-
This sounds suspiciously like a W2 from the U S Post office.
The code L means accountable plan, i.e. tax free and no 2106 is necessary.
To thwart the software, simply omit any mention of code L when entering w2 information.
Sort of like code J you know.ChEAr$,
Harlan Lunsford, EA n LAComment
-
I don't know what program you are using but ProSeries allows for an adjustment in whatever box you enter to show the non-taxable amount and it subtracts from the total in the boxBelieve nothing you have not personally researched and verified.Comment
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment