Common use of Rules and Guidelines Clause in Contracts

Rules and Guidelines. It is the joint responsibility of the traveler and Quara to understand and follow the IRS rules and guidelines for travel and travel receipts. Why? Because if the IRS or state audits the files and reimbursements, and the proper documentation is not present, the Service and/or State may disallow the deductibility of the expense to the Company, and/or re-classify the traveler’s expense as earnings and tax you and the Company.

Appears in 2 contracts

Sources: Independent Consulting Agreement (Quara Devices Inc.), Independent Consulting Agreement (Quara Devices Inc.)