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#1
11-03-2007, 04:36 AM
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Re: Taxes and the FPP store
if a casino gives you a comp room or picks up the checks from your dinners, do you have to claim the value of those as well?
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#2
11-03-2007, 05:56 AM
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Re: Taxes and the FPP store
[ QUOTE ]
if a casino gives you a comp room or picks up the checks from your dinners, do you have to claim the value of those as well? [/ QUOTE ] I'd venture to guess the answer to this is yes, but I doubt they are going to audit your check at the diner.
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#3
11-03-2007, 01:19 PM
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Re: Taxes and the FPP store
You don't have to report non-cash benefits that have so little value that "accounting for it would be unreasonable or administratively impracticable". Where exactly the threshold for this is unclear.
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#4
11-03-2007, 11:09 PM
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Re: Taxes and the FPP store
yeah that seems to be a really relative and unclear statement...similar to a "session" when trying to record your wins and losses.
seems you should be able to get away with quite a bit because they chose not to define these terms
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