Form 2106: Employee Business Expenses


DEFINITION of 'Form 2106: Employee Business Expenses'

A tax form distributed by the Internal Revenue Service (IRS) and used by taxpayers seeking to deduct expenses incurred while conducting business. In order for business expenses to be deducted, they must be considered ordinary and necessary. Ordinary expenses are commonly accepted in the industry; necessary expenses are those that are considered helpful and useful.

BREAKING DOWN 'Form 2106: Employee Business Expenses'

In order for an expense to be considered business-related, the taxpayer must furnish receipts indicating that the expenses were indeed incurred in order to conduct business. Travel expenses, including meals, entertainment and transportation, need to be represented in a receipt.

  1. IRS Publication 535 - Business ...

    A document published by the Internal Revenue Service (IRS) that ...
  2. IRS Publication 463: Travel, Entertainment, ...

    A document published by the Internal Revenue Service that provides ...
  3. Transportation Expenses

    An expense incurred by an employee or self-employed taxpayer ...
  4. Tax Return

    1. The tax form or forms used to file income taxes with the Internal ...
  5. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  6. Travel Expenses

    The costs associated with traveling for the purpose of conducting ...
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