gmg

[gmgdmd]

Got a letter from Franchise Tax Board asking about my unreimbursed employee expenses. Im a W2 employee but I dont get any benefits from work except my salary so I pay for my own liability insurance, licenses, professionial dues, continuing ed, and other expenses related to my job. Im a healthcare professional. Now, the FTB was asking for a detailed schedule of each expense that I had back in 2010. My dillema is I dont have all the necessary receipts to show the FTB. I couldn't find all my receipts anymore. What would be the consequence then if I can't substantiate all my deductions. What is the best approach to this issue?

 

[disagreeable]

You will likely be incur a fine and penalties on the unsubstantiated amount.

 

[army judge]

Sometimes,if you have recurring expense and some receipts, an explanation (written of course) will suffice.
Explain your situation, see what is said.

 

[disagreeable]

https://www.ftb.ca.gov/forms/misc/1015B.pdf