Article

IRS Guidance on “Convenience of the Employer” for Exclusion of Meals Provided to Employees

Author: Robert P. Achenbach (Agricultural Law Press)

Abstract

In general, distributions of property as payment for services to employees, including food produced or purchased by the business, is taxable to the employees as income is taxable to the employer/producer to the extent the market value of the property exceeds the employer’s basis in the property,2 and is deductible by the employer/producer if the basis equals the fair market value of the property.

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How to Cite: Achenbach, R. P. (2018) “IRS Guidance on “Convenience of the Employer” for Exclusion of Meals Provided to Employees”, Agricultural Law Digest. 29(24).