New Federal Tax News for July 19th

Tighe, Kress & Orr.

By: Tighe, Kress & Orr.

Pro hockey team’s away game team meals were a de minimis fringe. The U.S. Tax Court has held that the Boston Bruins hockey team’s provision of pregame meals to Bruins’ players and personnel at away city hotels qualifies as a de minimis fringe under the tax code, so the cost of such meals isn’t subject to the code’s 50% limitation. Meals can be counted as a de minimis fringe if, among other factors, they’re provided during, or immediately before or after, the employee’s workday, and are available to all group members, not just the highest paid. (148 TC No. 24)

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