So for 15 or so years I counted the W-2 form to avoid an audit. I've still got hats I've never worn at 71 yo. I always wondered if the supervisors had to count their fishing trips and hunting trips and pay taxes on the young women that accompanied the trips. They were allowed to drive company vehicles with company insurance,...just because. I never found out if my retirement dinner with 6 friends was charged to me or not. It was explained that the boss gets money allowed for retirement dinners in his company expensing.
These companies that worked for Trump were just found guilty for what everybody and their brother does every day with selective enforcement.
” I always wondered if the supervisors had to count their fishing trips and hunting trips and pay taxes on the young women that accompanied the trips. They were allowed to drive company vehicles with company insurance,...just because.”
The laws get a bit muddy on stuff like that because the trips could be classed as an “entertainment expense” on the books, as long as they invite a potential client along or something like that. Then the IRS would not look at that as a benefit to the employees on the trip, but rather as part of their job duties, while the company can still deduct it as a legitimate business expense. Not sure how the company cars are handled, I never had to do accounting for that and I’m not a CPA, just picked up some bookkeeping on the job.