The practice of providing busy worker with on-site meals and snacks to keep them fueled up and close to their computers may be in jeopardy.
The free meals for employees deal is generally associated with Silicon Valley firms like Google that serve up thousands of such meals annually in company cafeterias and break rooms. The IRS has taken a hands-off position on the practice, to date not including it as a taxable perk.
But it's been making noises about re-examining its position. In late July, its signal that it might reassess its position got stronger when it mentioned on-site employee meals in its annual Priority Guidance Plan as one matter it would spend more time pondering.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
