The Internal Revenue Code (IRC) stipulates that all compensation received by an employee from an employer, regardless of the form it takes, constitutes wages subject to federal income and employment taxes. Compensation may be excluded from wages and exempt from taxation only where the IRC provides a specific exclusion. Please see the below link to IRS Publication 15-B for clarification of these guidelines.
Employer’s Tax Guide to Fringe Benefits
By Admin|2011-06-14T15:24:53+00:00June 14, 2011|Uncategorized|Comments Off on Employer’s Tax Guide to Fringe Benefits