Tax Treatment of Food and Travel Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
Anonymous User
- Posts: 432656
- Joined: Tue Aug 11, 2009 9:32 am
Tax Treatment of Food and Travel
When food and travel are expensed to clients does this count as taxable income? I could see both arguments. On one hand, the food was consumed while you were working and the car brings you to and from work. On the other, you would have to eat and go home even if you weren't working. Trying to sort out my taxes, and assess whether ordering this stuff when working late is financially prudent when I could pack pb&j.
-
2014
- Posts: 6028
- Joined: Sat Jun 05, 2010 3:53 pm
Re: Tax Treatment of Food and Travel
No it's notAnonymous User wrote:When food and travel are expensed to clients does this count as taxable income? I could see both arguments. On one hand, the food was consumed while you were working and the car brings you to and from work. On the other, you would have to eat and go home even if you weren't working. Trying to sort out my taxes, and assess whether ordering this stuff when working late is financially prudent when I could pack pb&j.
-
dixiecupdrinking
- Posts: 3436
- Joined: Sun Oct 26, 2008 2:39 pm
Re: Tax Treatment of Food and Travel
There are IRC provisions that explicitly exempt this stuff if it's for the convenience of the employer or some such formulation. It's not income.
