Taylor begins a new job as a logistics manager. His company advises him that he may need to travel internationally on occasion, so he should obtain a passport. The company reimburses Taylor for the cost of the passport. Taylor uses the passport when he vacations in Europe later in the year. What tax issues should Taylor consider?
Answer: Does Taylor have income from his company's payment of his passport cost? Would this expenditure be considered a working condition or de minimis fringe benefit?