Forum Discussion
- IroverExplorerI see the OP is from Az. So I believe it is C-Am your relating too. I actually thought they issued a 1099 for the perks and a w/2 for wages. What ever; depending on the situation and how much taxes you have to pay for perks. JMHO; I only work for wages and follow what Dog Folks posted. California and Arizona and Maryland are states that have some different income tax codes; that i know of.
- HorsedocExplorer IIDid you get a W-2?
- Dog_FolksExplorerYou do not include in your income the value of meals and lodging provided to you and your family by your employer at no charge if the following conditions are met...
The lodging is:
1.Furnished on the business premises of your employer,
2.Furnished for the convenience of your employer, and
3.A condition of your employment. (You must accept it in order to be able to properly perform your duties.) "
which can be found in IRS Publication 525: Here - blkdodgeExplorerSo another words, let's just say I make $500.00 per month and they supply a FHU site valued at $500.00 per month. My W-2 would state I made $1000.00 per month.
- tjfogelbergExplorerBarter income is taxable. If I mow your lawn and you in exchange give me some free beer, this is income. In the case of functioning as a campground host or employee, an interesting angle might be the fact the value of lodging provided by the employer when the employee is required to live on the premises for the convenience of the employer may be excludable from income. Ask the campground operator to review the tax treatment with their CPA or EA (Enrolled Agent). I don't know if this last loophole mentioned might be a way out of treating the value of the site as income.
Todd
Minnesota
I am an EA. - fla-gypsyExplorerAs in a free site in exchange for hours worked?
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