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The Wall Street Journal published an article titled “Silicon Valley Cafeterias Whet Appetite of IRS,” which explores the issue of free, employer-provided meals as a taxable fringe benefit by the IRS. This issue has gained recent momentum due to several routine tax audits of Silicon Valley companies. The IRS and U.S. Treasury Department will make this issue a top tax priority in the next fiscal year.

Buchanan Ingersoll & Rooney Tax Shareholder Thomas M. Cryan, Jr. told the publication, "It's definitely an area the IRS is auditing." Cryan also said that two of his clients are in the midst of IRS audits over this matter and has been told by IRS agents that the meals-tax push stems from a national directive by senior officials.

Read the full article – “Silicon Valley Cafeterias Whet Appetite of IRS” (The Wall Street Journal, September 2, 2014) Subscription required.