60 Day Requirement for Expense Reimbursement

For UND to comply with IRS accountable plan requirements (IRS Publication 463), and in accordance with NDUS and UND policy, new functionality will be deployed in PeopleSoft Finance to identify expense reimbursement requests submitted more than 60 days after the date of return from travel or the date the expense was incurred (whichever is later). Employees will be required to attest to their understanding of the tax reportable status of the expense report. The expense report will be reimbursed at the full amount requested, and a subsequent paycheck will be reduced by the amount of the additional tax withholding.