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Talk to my mate at BT (with union regontion) who made £125k tax free on his final sharesave. And Google Et Al only give "free" food as the IRS doesn't tax it
by walshemj 7y ago
Talk to my mate at BT (with union regontion) who made £125k tax free on his final sharesave.
And Google Et Al only give "free" food as the IRS doesn't tax it as a benefit in kind - quite why they don't as it would be an easy tax to collect.
- hnaccy 7y agoI thought IRS started taxing the free food? Bummed me out, since I love it as a perk.
- anon73044 7y agohttps://blog.namely.com/tax-reform-takes-a-bite-out-of-office-snacks https://blog.namely.com/tax-reform-takes-a-bite-out-of-offic... vs https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/irs-employer-provided-meals-snacks-tax.aspx https://www.shrm.org/resourcesandtools/hr-topics/benefits/pa... hard to tell what's accurate these days
- 0xEFF 7y agoYes, free meals are taxed. The worker's employer receives the 1099. For FTE's Google pays the tax, for TVC's their employer receives a 1099-MISC each year. This is why you'll notice all US based offices require you to badge in every meal every time while an office in Canada does not.