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code L on w-2

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    code L on w-2

    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.

    #2
    I just had one of these yesterday. I filled in the same amount as employee expense on the 2106 and the form disappeared.

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      #3
      box 1?

      Is is included in Box 1 wages?
      Or is it excluded from Box 1, but included in boxes 3 & 5?
      "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

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        #4
        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 LA

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          #5
          Originally posted by ChEAr$ View Post
          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.
          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 box
          Believe nothing you have not personally researched and verified.

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