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So if I buy a product for $100, that cost a company $200 to produce, I am liable for a $100 taxable benefit? Now I'm _definitely_ staying away from all those Bl
by npongratz 8y ago
So if I buy a product for $100, that cost a company $200 to produce, I am liable for a $100 taxable benefit? Now I'm _definitely_ staying away from all those Black Friday and BOGO sales.
- dragonwriter 8y agoThe grandparents comment is specifically true of employment fringe benefits, and not true of sales to the general public, though meals may be excluded if they meet the rest of being provided for the emplkyer’s convenience. https://www.nolo.com/legal-encyclopedia/what-fringe-benefits-taxable.html https://www.nolo.com/legal-encyclopedia/what-fringe-benefits... http://www.irs.gov/pub/irs-pdf/p15b.pdf http://www.irs.gov/pub/irs-pdf/p15b.pdf