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Old 09-13-2006 | 08:57 PM
  #27  
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Flaps50
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Joined: Aug 2006
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From: B777 FO FDX, C130 ANG
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"Making dEviation money taxable for Union and IRS purposes is a Concessionary move" Mach84.

Correct me if I'm wrong, but the IRS determines what is and isn't "Taxable", not a company or union contract.

Now if they paid you the money as compensation first and then told you "Feel free to buy a ticket to work" with the money; then it would surely be taxable. However then you could use the money for anything you wanted at that point.

I think the IRS is starting to look into corporate benefits as compensation, and a free plane ride to work may again be coming under scrutiny as compensation like a CEO using the jet. I'll be curious to see the explanation for this in the contract since I'll be comuting soon.

Last edited by Flaps50; 09-13-2006 at 08:59 PM.
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