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To the IRS, there's no such thing as a free lunch

Discussion in 'Sports and News' started by LongTimeListener, Apr 9, 2013.

  1. LongTimeListener

    LongTimeListener Well-Known Member


    They're looking very seriously at taxing the free meals provided by Google and other tech firms. On the one hand, it's a benefit like a company car. On the other hand, they could try to take this exception (which touches on our previous discussion about Yahoo's no-work-from-home edict).

    Other lawyers point to an exception that allows meals to remain untaxed if they are served for a "noncompensatory" reason for the "convenience of the employer." The exception generally has been applied to workers in remote locations or in professions where reasonable lunch breaks aren't feasible. But these lawyers argue that some technology firms could qualify, in part because free food encourages longer work hours and is a crucial part of Silicon Valley's collaborative culture.

    If they come for the election-night pizza when you're still in the business, your taxes are going up about 11 cents.

    EDIT: It looks like the link shows the story behind a paywall, but typing "Silicon Valley's Mouthwatering Tax Break" in Google takes you there. Or this link summarizes it.

  2. SpeedTchr

    SpeedTchr Well-Known Member

    Tax 'em til they choke on that "free" caviar!
  3. imjustagirl

    imjustagirl Active Member

    Still gonna be cheaper for me to eat the free salad or sub than it is to go down to the office complex cafeteria and pay $8 for lunch.
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