Alisa is a tax accountant for Mega Soft, a software company that has a large office campus
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Question:
Alisa is a tax accountant for Mega Soft, a software company that has a large office campus in the Chicago suburbs. Alisa plays tennis once or twice per week on tennis courts owned and operated by Mega Soft for benefit of its employees, located on the office campus. Over the year, Alisa has used $3,000 (fair market value) of time on the courts. Which of the following is true?
Alisa must include $3,000 in income
Alisa may exclude the $3,000 as a de minims fringe benefit
Alisa may exclude the $3,000 as a no-additional-cost service
Alisa may exclude the $3,000 as a working condition fringe benefit
Alisa may exclude the $3,000 under a special condition in Section 132(j)
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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