Cornhusker Bank reimburses employees for dues to the local banker's association. The reimbursement is includible in the employee's income.

Question

Quizplus · Accepted Answer

Reimbursements for professional dues, such as those to a banker's association, are generally considered a working condition fringe benefit and are not includible in the employee's income if they are ordinary and necessary business expenses.

Cornhusker Bank Reimburses Employees for Dues to the Local Banker's