January 2010 Taxable Fringe Benefits Guide.
Just a friendly reminder to report those fringe benefits to the IRS!
Definition of Employee: All of the following are considered employees for purposes of working condition fringe benefits:
Reg. §1.132-1(b)
- Current employees
- Partners
- Board of directors of the employer
- Independent contractors
- Volunteers
What the chances that all of those who received these commissioned trips claimed them on their taxes?
ReplyDeleteSnowball and Hell come to mind.
ReplyDeleteAll it takes is tip to your local IRS office.
ReplyDeleteThey loves them some big name busts. It lets all know that the IRS is watching yo money.
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