Time: "Free Lunches at Work? The Taxman Wants a Bite"
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Time: "Free Lunches at Work? The Taxman Wants a Bite"
Posted by BeeFense5 on 4/10 at 3:27 pm
LINK


quote:

In Silicon Valley, the employee perks are the stuff of legend. Parents-to-be at Facebook are given a bonus to help with expenses and extensive maternity and paternity leave. Software company Evernote will pay to have their employees apartments cleaned twice every month. And Google — perhaps the most generous when it comes to fringe benefits — lavishes its employees with free concierge service and a cafeteria chock full of gourmet food. While these benefits are partially a product of the intense competition for qualified tech workers, they may also be a way for companies to simply increase compensation without giving the taxman a cut. And according to an article in yesterday’s Wall Street Journal, the I.R.S is taking notice:

"There is growing controversy among tax experts about how to treat these coveted freebies. The Internal Revenue Service also has been focusing on the topic, according to attorneys who practice in the area, examining whether the free food is a fringe benefit on which employees should pay additional tax.”





This post was edited on 4/10 at 3:28 pm

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Posted by Chimlim on 4/10 at 3:29 pm to BeeFense5



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Posted by CptRusty on 4/10 at 3:29 pm to BeeFense5
quote:

The Internal Revenue Service






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Posted by Radiojones on 4/10 at 3:30 pm to BeeFense5
Next they will be coming after you for that "free" parking space at work. The government needs MOAR!


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Posted by mtntiger on 4/10 at 3:42 pm to BeeFense5
Screw the IRS. Tell 'em you brought your lunch from home.


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Posted by CBLSU316 on 4/10 at 3:45 pm to BeeFense5
quote:

tax experts


A MFer that can figure out how to get more taxes out of us.



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Posted by GumboPot on 4/10 at 3:52 pm to BeeFense5
We need more IRS agents to reign this employee/employer theft in.


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Posted by TexasTiger1185 on 4/10 at 3:57 pm to BeeFense5
No such thing as a free lunch

I learned that sophomore year of high school.



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Posted by CITWTT on 4/10 at 3:59 pm to BeeFense5
Tell the IRS to suck on Toddys' balls.


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Posted by CajunAngele on 4/10 at 4:02 pm to BeeFense5

I predicted tax man would go after lemon aid stands,. I now predict we will be taxed every time we flush the toilet and it will cost more for a crap vs. peeing. As well as, there will be cameras and you will be fined $1900 if you flush cigarette butts down the toilet and an extra $1300 to smoke in your home. Weed an extra $500.



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Posted by Radiojones on 4/10 at 4:05 pm to CITWTT
quote:

Tell the IRS to suck on Toddys' balls.


Is there a tax on that?



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Posted by CITWTT on 4/10 at 4:14 pm to Radiojones
I think it falls on the gender identity field.


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Posted by Wally Sparks on 4/10 at 4:44 pm to BeeFense5



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Posted by Jim Rockford on 4/10 at 4:54 pm to BeeFense5
A place I used to work had free soft drinks for employees. The auditors told them it should be considered a fringe benefit for tax purposes. They ignored it and nothing else was ever said about it.


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Posted by MStant1 on 4/10 at 5:13 pm to BeeFense5
My wife just started working for Warby Parker here in NYC, and they do a lot of these "fringe benefits" such as free catered lunches etc. In her orientation they mentioned that the IRS may start taking notice to such benefits. So lame. I don't know how the IRS can prove you didn't pack your own lunch.

I'm sure what would happen is that the companies would have to start keeping a record of everyone who participates.



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Posted by BeeFense5 on 4/10 at 5:21 pm to MStant1
quote:

I'm sure what would happen is that the companies would have to start keeping a record of everyone who participates.


A "lunch list" for the IRS. Ridiculous.



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Posted by Ace Midnight on 4/10 at 5:44 pm to BeeFense5
Double taxes...triple taxes...

Taxes for everyone on everything, as many times as possible!



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Posted by Brosef Stalin on 4/10 at 6:00 pm to BeeFense5
What if Google charged its employees 1 cent per paycheck to pay for their food? Then they could say its not free and not a fringe benefit.


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Posted by udtiger on 4/10 at 6:11 pm to Brosef Stalin
This has been tax law for quite a while. Just looks like the IRS is looking closer in these "lean" times.


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Posted by The Future on 4/10 at 6:17 pm to BeeFense5
The company I work for does alot of things like this...if the government finds a way to frick up more stuff, I swear


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