For T&E, is it necessary to provide receipts when the charges were made on the corporate card?

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It depends—for some charges, the card statement provides adequate documentation. Also keep in mind that the IRS receipt requirement threshold is $75, higher that most company receipt requirement thresholds. But some expenditures, hotels in particular, require a separate receipt because the hotel charge on the card statement does not break out the expenses in detail.

The requirements for reimbursement under an Accountable Plan (see IRS Publication 463, page 30) are: the expenses must be for a legitimate business purpose, they must be substantiated, and the employee must return any excess advance in a reasonable timeframe. For actual reimbursements, receipts must be submitted within a "reasonable time" to be considered adequately substantiated. Sixty days is typically considered reasonable time.

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