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Deductions & credits
@PerryR wrote:
How about the Employer pays the Man-Cave landlord directly, bypassing the reimbursement juggernaut?
If the employer pays for housing for the employee, that is a taxable benefit. The value must be included in the employee's W-2 and subject to employment taxes. Free housing is not a deductible or non-taxable benefit unless it is on the employer's premises for the convenience of the employer (such as, employee is a security guard or the operator of a critical system who must be on call and instantly available 24 hours a day).
March 5, 2020
12:42 PM