You all know that the wages and salaries you pay your employees are taxable, but what about the other "payments" you make to them? Are benefits taxable? All benefits or just some benefits? What about non-cash items that you "give" employees, or really insignificant items -- are they taxable? The IRS has some very specific rules regarding what's taxable and what can be excluded from taxable income. Join us for this brief overview of taxable and nontaxable compensation.
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