Accounting Question (Accountable Plans)

1. An employer with an expense arrangement that allows for advances require the employees to account for expenses incurred semi-annually. Are amounts reimbursed under the plan taxable?

2. An expense allowance arrangement allows for the reimbursement of travel expenses incurred for business travel. CEO and CEO's spouse got to NY on a business trip and incur the following expenses:

CEO airfare $400

Spouse airfare $400

Meals $600

Hotel $1000

Theater tickets $300

How will the payment of these expenses be reported to the employee?