• BREAKING NEWS Get a look at the 'Bay Lights' before they go dark until 2016 -- WATCH LIVE

Free lunches could end for employees at tech companies

Employees enjoy free lunches at tech companies as part of a perk for working there.
Facebook, Twitter and other tech companies may have to stop offering free lunches to employees.

The Wall Street Journal is reporting that the IRS is scrutinizing these perks.

Lawyers working with start-ups claim that audits are now classifying free meals as taxable fringe benefits.

While workers could have to pay tax on the free food if it were classed as income, the IRS is more likely to go after the companies to pay back-taxes.
Related Topics:
food technology social media facebook twitter IRS taxes economy business computers employment
(Copyright ©2015 KGO-TV/DT. All Rights Reserved.)

Load Comments