WASHINGTON, Aug. 6 -- Internal Revenue Service has issued a proposed rule called: Determination of Line of Business for Purposes of No-Additional-Cost Service and Qualified Employee Discount Fringe Benefits.
The proposed rule was published in the Federal Register on Aug. 6 by Edward T. Killen, Acting Chief Tax Compliance Officer.
Summary: This document contains proposed regulations that would provide guidance regarding an employer's line or lines of business for purposes of determining the exclusion from gross income for no-additional-cost services or qualified employee discounts provided to employees.
For more information, contact Concerning the proposed regulations, Andrew Holubeck at 202/317-4774; concerning submissions of comments an...