Rev. Rul. 54-593, 1954-2 CB 31 states, “There shall be excluded from gross income of an employee the value of any meals or lodging furnished to him by his employer for the convenience of the employer”, but only under certain conditions. This revenue ruling was modified. Cite the revenue ruling.
Rev. Rul. 54-593, 1954-2 CB 31 states, “There shall be excluded from gross income of an employee the value of any meals or lodging furnished to him by his employer for the convenience of the employer”, but only under certain conditions. This revenue ruling was modified. Cite the revenue ruling.
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 1BCRQ
Related questions
Question
Rev. Rul. 54-593, 1954-2 CB 31 states, “There shall be excluded from gross income of an employee the value of any meals or lodging furnished to him by his employer for the convenience of the employer”, but only under certain conditions. This revenue ruling was modified. Cite the revenue ruling.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT