Here is an interesting question.
Can an employer deduct expenses paid to a health club so that his employees can work-out?.
thanks
brian
Can an employer deduct expenses paid to a health club so that his employees can work-out?.
thanks
brian
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Everybody should pay his income tax with a smile. I tried it, but they wanted cash -
Generally, no.
Under some circumstances, gross income does not include the value of on-premises gyms (see ยง132(j)(4)).
But regulation 1.132-1 contains the following:
3) Application of rules to membership in an athletic facility. The exclusion provided in this paragraph (e) does not apply to any membership in an athletic facility (including health clubs or country clubs) unless the facility is owned (or leased) and operated by the employer and substantially all the use of the facility is by employees of the employer, their spouses, and their dependent children. Therefore, membership in a health club or country club not meeting the rules provided in this paragraph (e) would not qualify for the exclusion. -
I think
the statute just quoted was for exclusion from income on the membership. I would imagine that if the employer includes the value on the W2 as comp, they would be able to take the expense, right?
ATG"Congress has spoken to this issue through its audible silence."
Anyone ever notice they beat the daylights out of the definition of a child, but they don't spend much time at all defining "parent"?Comment
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