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How are these fringe benefits not taxable as pay? Should they be? http://www.irs.gov/publications/p15b/ar02.html#en_US_2014_publink1000193623 http://www.irs.go
by supercanuck 11y ago
How are these fringe benefits not taxable as pay?
Should they be?
http://www.irs.gov/publications/p15b/ar02.html#en_US_2014_publink1000193623 http://www.irs.gov/publications/p15b/ar02.html#en_US_2014_pu...
- simonk 11y agoRead further down, exclusions to fringe benefits include Meals, Lodging on your business premises, Athletic facilities, and other things.
- hn9780470248775 11y agoRead even further down: Exempt if furnished for your convenience as a condition of employment. i.e. this seems to imply that optional lodging is taxable.
- ghaff 11y agoTrue (and makes sense) although I doubt a parking space qualifies as a housing benefit.
- ghaff 11y agoBy way of context, understand that cases like these are outliers from the perspective of the existing tax laws. Athletic facilities: Many companies have a locker room, maybe a shower, maybe a treadmill or two. Is the IRS going to force employees to buy a gym membership so they can take a post lunchtime shower prior to a customer meeting? As for meals/on-premise lodging/etc. Historically (and currently still, modulo Google-type outliers) this sort of thing typically applies to people living on a job site as I did when I was running projects on oil rigs and in shipyards. Plenty of other examples as well. Especially in a remote location, these services can be quite expensive to deliver. It would be pretty unreasonable to make employees declare them as taxable benefits.