The IRS could be launching a fight over free food

There are companies like Google, Facebook and Twitter that are known for giving their employees free meals. Now, the Wall Street Journal reports the IRS is questioning whether they should be taxed for the perk.

If the meals are ruled taxable, the cost of the food would be considered income to the employee. It means employers would owe payroll tax and the employee would have to pay up as well.

Read more: http://money.cnn.com/2014/09/03/pf/taxes/irs-taxes-free-lunch/

This is our TOPIC OF THE DAY.  What do you think about the IRS placing a tax on what should be considered a free meal? Head to our FOX43 Facebook page to weigh in.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s