Get Watson Cpa Group Accountable Plan Worksheet Instructions 2017-2025

Completing the Watson CPA Group Accountable Plan Worksheet can streamline your expense reimbursements and ensure compliance with IRS requirements. This guide provides clear, step-by-step instructions on how to accurately fill out the form online.

Follow the steps to fill out the worksheet effectively

1. Click ‘Get Form’ button to access the worksheet and open it in your designated editing tool.
2. Begin by entering the employee's name in the appropriate field. Remember, shareholders who are not employees cannot be reimbursed.
3. Specify the period for which you are reporting expenses. You can select Q1, Q2, Q3, Q4, or the entire year, but quarterly reporting is recommended for accuracy.
4. Input the square footage of your home office and total home space. Only include usable areas for reimbursement calculations.
5. Enter the annual amounts for mortgage interest, property taxes, and insurance associated with the home office.
6. If applicable, input the total amounts for utilities and related home office expenses, ensuring to apply the business use percentage.
7. For cell phone and internet expenses, estimate your business use percentage and enter relevant amounts.
8. Record your mileage for business trips and total mileage to determine the business use percentage. Include auto loan interest and registrations as necessary.
9. Document any out-of-pocket expenses that need reimbursement, including separated entries for 50% and 100% deductible meals.
10. Once completed, save your changes. You can choose to download, print, or share the worksheet via email or other methods for your records.

Get started on completing your document online today to ensure timely reimbursements and accurate record-keeping.