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Old 05-29-2007 | 05:03 PM
  #16  
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MaydayMark
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Joined: Apr 2006
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From: MD-11 Captain
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Originally Posted by Peripatetic
For those who are also confused by the disclosure box(yes/no), it is for IRS reporting purposes. As was xplain'd to me (thanks to my sponsor for the Foxy For Dummies tutorial) , if you deviate & buy a ticket with bank to/from MEM associated with a trip, it has tax ramifications.
This subject was discussed in detail at the union contract roadshow shortly before the big contract vote. Apparently, the reporting of deviation travel is an IRS requirement. The union negotiators suggested that this box was added just so that the company can "say" they comply with IRS regulations in the event the company gets audited (We ask our crewmembers to self report that expense on their expense report forms). If was strongly suggested that the company really doesn't care what box you check. I guess it's just up to your conscience ... but it does have tax ramifications.


Mark

PS ... I'm not a CPA, your mileage may vary, may cause various undesirable side effects ...
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