Submitted by plazman30 t3_11bsapa in BuyItForLife
plazman30 OP t1_ja2yoou wrote
Reply to comment by Yet_Another_Limey in A BIFL rant about corporate purchases.... by plazman30
Leave it to the IRS to f*ck things up.
A LOT of companies got rid of benefits such as tuition reimbursement and other small perks because now it's taxable and they don't want to track it.
My wife was the treasurer of my kids' PTA. They used to give the teachers a $100 staples gift card in August to let them buy supplies for themselves. They had to stop doing that because that was taxable income to the IRS.
I have a few other examples of the IRS getting rid of corporate perks by making them taxable.
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