Over 60 Day Taxation

If Travel Services returned a TRIP Travel Expense Report for revision requiring an Over 60 Day Taxation Form, please follow the process below:

In compliance with IRS rules for an accountable plan, section II.B.3 of UK policy E-5-1 states:  Employees must complete and approve the TRIP travel expense report for all business expenses within 60 calendar days of the date when business travel ends to be considered a reasonable period of time. For employees who have not met the 60-day approval deadline and have not received an approved taxation exemption, reimbursement will be processed as taxable wages on a future paycheck.