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Tax Treatment of Food and Travel
Posted: Tue Jan 19, 2016 12:28 pm
by Anonymous User
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.
Re: Tax Treatment of Food and Travel
Posted: Tue Jan 19, 2016 4:21 pm
by 2014
Anonymous 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.
No it's not
Re: Tax Treatment of Food and Travel
Posted: Tue Jan 19, 2016 5:39 pm
by dixiecupdrinking
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.