By: Diane Benjamin
Should all the “business” breakfasts and lunches consumed by staff and the elected be called additional compensation, and therefore taxed?
When only the “preferred” aldermen ever consume, how can the City claim they have a “legitimate business purpose” as defined by law? What is the “legitimate purpose” for last Monday’s pizza party, the staff was hungry?
The Edgar County Watchdogs have been mining corruption at the College of DuPage since at least 2014. The president was forced out without his planned golden parachute, and three Board members are now refusing to attend meetings in protest. They may be in more trouble:
“The IRS determined that “a significant and substantial number” of Waterleaf restaurant meals charged on college house accounts — 44 percent in 2013 — did not have a business purpose or had insufficient documentation. As a result, an IRS audit found, they should be considered taxable employee compensation.” (Tribune article)
I wonder how that is different from Bloomington’s “light suppers”?
Read more from the Watchdogs website: http://edgarcountywatchdogs.com/2016/01/college-of-dupage-thank-you-irs/