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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1644
Experience:  Certified Public Accountant
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I am considering taking a job as an apartment manager, I

Customer Question

I am considering taking a job as an apartment manager, I would be required to live on site, do you know the IRS rules for CA regarding paying taxes on free rent?
Submitted: 9 months ago.
Category: Tax
Expert:  Mark Taylor replied 9 months ago.

Hi my name is***** would be happy to help you with your questions.

Expert:  Mark Taylor replied 9 months ago.

Hi Carol, generally housing provided by your employer would be taxable but there are exceptions. I believe that you qualify for the exception. Let me tell you why.

Expert:  Mark Taylor replied 9 months ago.

The lodging must meet the following requirements: It is provided for the convenience of the employer, It is required as a condition of employment and It is furnished on the business premises of the employer. Based on this, the cost of the apartment would not be included as income.

Expert:  Mark Taylor replied 9 months ago.

Here is an article that details taxable and non-taxable employee provided housing.

http://www.mossadams.com/articles/2014/october/employer-provided-housing

Expert:  Mark Taylor replied 9 months ago.

I hope you found this information to be beneficial. If this answered your question please take a few moments to rate my response. A rating is needed in order for me to receive credit for helping you today. The rating bar is located at the top of the page – ranging from 1 to 5 stars. If you need me to clarify aspect of my response or if there are additional areas of the question that you would like me to consider please let me know. I would be happy to continue the discussion. It has been my pleasure helping you today