When your employees work overtime, do you provide them with supper or other meal money?
If you do, is that meal-money a tax-free fringe benefit, or is it additional W-2 compensation to the employees?
You’ll find answers to these questions, plus a lot more, when you read my new article titled Tax Tips: Tax-Free Supper Money Tax Tips.
Three ways our fact-filled article can help you:
- You’ll learn the three important rules that govern “supper money.” IRS regulations allow supper money as an excludable fringe benefit when the benefit is reasonable and satisfies three conditions. You’ll find out what they are when you read the full article.
- You’ll discover what’s in the IRS audit guide. The IRS spent a lot of time putting together an audit guide that covers meal allowances. We’ll share key points with you when you read the full article.
- We’ll give you real-life examples that make things crystal clear. Our article isn’t about “theory.” We’ll provide examples that make things understandable. We’ll prove it when you read the full article.