IRS Regulation regarding value of Computer kept upon leaving?
by Jim McKeever
We are a very small church, trying to codify our Accountable Reimbursement Plan.
When our pastor is reassigned, we want to give the option for them to retain any computer equipment that may have been purchased by the church for his use.
I have seen information about the Fair Market Value and adding that to taxable income, but I haven't been able to find the actual section of the IRS code that addresses this. Can you help?
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