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IRS Announces Impending Tighter Enforcement of Employer-Provided Meals, Fringe Benefits
Franczek Radelet P.C.
Oct. 14, 2014 "The IRS announced as part of its Priorities Guidance Plan that it plans to issue new guidance regarding employer-provided meals ...The Wall Street Journal reported that IRS auditors have already started 'flagging the issue and demanding back taxes from companies amounting to 30% of the meals' fair market value.' ... [E]ven without any changes in the IRS definition, plaintiffs' attorneys have already shifted their focus to the value of these fringe benefits. Recently, employees at Anheuser-Busch sued the company because ... it allegedly failed to include the value of 'various forms of non-cash compensation, such as discounted and/or free beer' in calculations of those employees' regular rates of pay." MORE >> |
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