Employees of a CPA firm located in Maryland may exclude from gross income the meals and lodging provided by the employer while they were on an audit in Delaware.

Question

Quizplus · Accepted Answer

According to the IRS, meals and lodging provided by an employer are only excludable from gross income if they are furnished on the business premises of the employer and for the convenience of the employer. Being on an audit in another state does not meet the criteria for exclusion unless specific conditions are met, which are not detailed in the scenario provided.

Employees of a CPA Firm Located in Maryland May Exclude