|
#5
| |||
| |||
| Steve Pope <spope33[at]speedymail.org> wrote: - quote - > What about Google's seven on-site restaurants serving three
Serving meals "for the convenience of the employer" (e.g. to> meals a day, keep the employees at their desks instead of going out) is a non-taxable benefit. Seth << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#4
| |||
| |||
| Steve Pope <spope33[at]speedymail.org> wrote: - quote - > Arthur Kamlet <ArtKamlet[at]aol.REMOVE.com> wrote:
On-site restaurants the employee has to eat in, and which is> > Rich Carreiro <rlcarr[at]animato.arlington.ma.us> wrote: > > > ..... > > See the De Minimis discussion of company provided picnics and > > parties for employees and their guests in IRS Pub 15B. The > > exact valuation is not specified and therefore leaves room > > for interpretation of de minimus. > What about Google's seven on-site restaurants serving three > meals a day, company limos to take the employees to and from > work, etc.? Still "de minimus"? for the convenience of the employer, is not taxable. See Pub 525 and Pub 15B, which cover this income. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#3
| |||
| |||
| Arthur Kamlet <ArtKamlet[at]aol.REMOVE.com> wrote: - quote - > Rich Carreiro <rlcarr[at]animato.arlington.ma.us> wrote:
What about Google's seven on-site restaurants serving three> > The company that a relative of mine works for has a pretty > > impressive summer outing each year. For example, this year's > > summer outing: > > * Was for all employees and their families. > > * Was a weekend in Bretton Woods, with people being > > put up at the Mount Washington Hotel, the Bretton Arms, > > the Bretton Woods Lodge, the Bretton Woods Townhouses, > > and down the road at Attitash. > > * The company paid for: > > - Two nights (Fri, Sat) stay for employees and family > > members. > > - Hors d'ouvres and open bar, and band on Friday night. > > - Breakfast Saturday morning. > > - Boxed lunches for Saturday. > > - Hors d'ouvres, fancy buffet supper, open bar, and DJ on > > Saturday night. > > - Breakfast Sunday morning. > > The market value of this is easily over $500 per employee > > (especially when an employee has a spouse and N kids). Yet > > it never shows up on the employees' W-2 forms at tax time. > > How does (can) this company get away with given its > > employees something of that significant a value without it > > having to be treated as wages to the employees? We're not > > talking about de minimis fringe like a coffee mug or a $30 > > clock for being with the company for five years. > See the De Minimis discussion of company provided picnics and > parties for employees and their guests in IRS Pub 15B. The > exact valuation is not specified and therefore leaves room > for interpretation of de minimus. meals a day, company limos to take the employees to and from work, etc.? Still "de minimus"? Steve << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#2
| |||
| |||
| Victor Roberts <xxx[at]lighting-research.com> writes: - quote - > Rich Carreiro <rlcarr[at]animato.arlington.ma.us> wrote:
[snip]> > The company that a relative of mine works for has a pretty > > impressive summer outing each year. For example, this year's > > summer outing: > > * Was for all employees and their families. > > * Was a weekend in Bretton Woods, with people being > > put up at the Mount Washington Hotel, the Bretton Arms, > > the Bretton Woods Lodge, the Bretton Woods Townhouses, > > and down the road at Attitash. - quote - > Did the company hold any meetings with the employees?
No, it doesn't. There are no meetings and employees (andtheir families) are completely free to do whatever they want during the weekend. The company *has* pulled the "start with a required meeting" trick on a recent employees-only trip to Disneyland, though. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#1
| |||
| |||
| Rich Carreiro <rlcarr[at]animato.arlington.ma.us> wrote: - quote - > The company that a relative of mine works for has a pretty
Sae the De Minimis discussion of company provided picnics and> impressive summer outing each year. For example, this year's > summer outing: > * Was for all employees and their families. > * Was a weekend in Bretton Woods, with people being > put up at the Mount Washington Hotel, the Bretton Arms, > the Bretton Woods Lodge, the Bretton Woods Townhouses, > and down the road at Attitash. > * The company paid for: > - Two nights (Fri, Sat) stay for employees and family > members. > - Hors d'ouvres and open bar, and band on Friday night. > - Breakfast Saturday morning. > - Boxed lunches for Saturday. > - Hors d'ouvres, fancy buffet supper, open bar, and DJ on > Saturday night. > - Breakfast Sunday morning. > The market value of this is easily over $500 per employee > (especially when an employee has a spouse and N kids). Yet > it never shows up on the employees' W-2 forms at tax time. > How does (can) this company get away with given its > employees something of that significant a value without it > having to be treated as wages to the employees? We're not > talking about de minimis fringe like a coffee mug or a $30 > clock for being with the company for five years. parties for employees and their guests in IRS Pub 15B. The exact valuation is not specified and therefore leaves room for interpretation of de minimus. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| | |||
| |||
| Rich Carreiro <rlcarr[at]animato.arlington.ma.us> wrote: - quote - > The company that a relative of mine works for has a pretty
Did the company hold any meetings with the employees? Years> impressive summer outing each year. For example, this year's > summer outing: > * Was for all employees and their families. > * Was a weekend in Bretton Woods, with people being > put up at the Mount Washington Hotel, the Bretton Arms, > the Bretton Woods Lodge, the Bretton Woods Townhouses, > and down the road at Attitash. > * The company paid for: > - Two nights (Fri, Sat) stay for employees and family > members. > - Hors d'ouvres and open bar, and band on Friday night. > - Breakfast Saturday morning. > - Boxed lunches for Saturday. > - Hors d'ouvres, fancy buffet supper, open bar, and DJ on > Saturday night. > - Breakfast Sunday morning. > The market value of this is easily over $500 per employee > (especially when an employee has a spouse and N kids). Yet > it never shows up on the employees' W-2 forms at tax time. > How does (can) this company get away with given its > employees something of that significant a value without it > having to be treated as wages to the employees? We're not > talking about de minimis fringe like a coffee mug or a $30 > clock for being with the company for five years. ago when I worked for a large corporation they held a "meeting" at a resort in Florida for employees and their spouse. We had one or two short meetings over two days and the rest of the time was open. I know they paid for my plane ticket and believe they also paid for my wife's ticket, in addition to the room at the resort and those meals that were held with the group. There was an expectation that we would get to know the other employees and their spouses better. I believe the company considered this a "team building" meeting instead of an outright gift, but the rules for such things may have changed over the years. (One thing is certain, that the financial climate has changed and I believe that meetings like this are now far less common. -- Vic Roberts Replace xxx with vdr in e-mail address. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
| |||
| |||
| The company that a relative of mine works for has a pretty impressive summer outing each year. For example, this year's summer outing: * Was for all employees and their families. * Was a weekend in Bretton Woods, with people being put up at the Mount Washington Hotel, the Bretton Arms, the Bretton Woods Lodge, the Bretton Woods Townhouses, and down the road at Attitash. * The company paid for: - Two nights (Fri, Sat) stay for employees and family members. - Hors d'ouvres and open bar, and band on Friday night. - Breakfast Saturday morning. - Boxed lunches for Saturday. - Hors d'ouvres, fancy buffet supper, open bar, and DJ on Saturday night. - Breakfast Sunday morning. The market value of this is easily over $500 per employee (especially when an employee has a spouse and N kids). Yet it never shows up on the employees' W-2 forms at tax time. How does (can) this company get away with given its employees something of that significant a value without it having to be treated as wages to the employees? We're not talking about de minimis fringe like a coffee mug or a $30 clock for being with the company for five years. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| employerpaid, fancy, taxable, wages, weekend |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Re: Small % of S corp profit paid as wages - problematic? Katie: Lance Mannion wrote: > I noticed on a past return that I only paid 15k as a W2 > wage, and 90k on Schedule E for my S corp. I know this > does... | Taxes | 7 | 05-06-2005 06:15 PM | |
| Re: Small % of S corp profit paid as wages - problematic? Lance Mannion: I noticed on a past return that I only paid 15k as a W2 wage, and 90k on Schedule E for my S corp. I know this does not meet the "reasonableness"... | Taxes | 6 | 05-06-2005 05:37 PM | |
| Re: Small % of S corp profit paid as wages - problematic? Bill Brown: Lance Mannion wrote: > I noticed on a past return that I only paid 15k as a W2 > wage, and 90k on Schedule E for my S corp. I know this > does... | Taxes | 1 | 05-02-2005 05:15 AM | |
| Wages paid to your minor child. (Exemption of Soc. Sec. taxes ) BigAl: I've read in several newsletters over the years that wages paid to your minor children that are living with you are exempt from social security... | Taxes | 3 | 11-14-2003 03:01 PM | |
| Thread Tools | |
| Display Modes | |
| |