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This makes sense because the IRS has been coming after Facebook and Google for years to tax their free food as a form of income. https://www.businessinsider.co
by three_seagrass 6y ago
This makes sense because the IRS has been coming after Facebook and Google for years to tax their free food as a form of income.
https://www.businessinsider.com/irs-and-free-food-at-tech-companies-2014-9 https://www.businessinsider.com/irs-and-free-food-at-tech-co...
Expensing WFH lunches would give IRS more ammo to tie the food to taxable individual employee benefits.
- jjeaff 6y agoThe recent tax law changes completely disallow the expensing of on site meals provided to employees. It has already started phasing out and might be fully phased out by 2021 if I remember correctly. So the IRS doesn't have to fight that anymore. So they can still provide it to employees, but if they want the tax deduction, they will have to itemize it on employee compensation, which will cause them to pay taxes on it as income.