We have a student intern who will have a meal plan while she works for us and is paid as well. According to the law, we are to tax the portion of that meal plan that she benefits from outside of work (weekends, off shift, etc.). This is to appear in box 2 of her w-2 – what I cannot seem to figure out is how to put this through payroll and tax it as it is not a payment – but a benefit and it must show in box 1……with a notation in box 14 of what it is.
Is it as simple as putting it in as a benefit (create new benefit) and then put box 1 in the w-2 box label on the benefit screen – but then how do we add a note in box 14 too?
This just came in form one of our clients. Apparently this intern will get meals even when not working and those meals have tax withheld, whereas the meals that are provided while working are not taxed. How would you go about setting this up.
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