Scott is an executive for an international corporation located in New York City. Often he works late,

Question:

Scott is an executive for an international corporation located in New York City. Often he works late, taking telephone calls from the company's European branch. Scott often stays in a company owned condominium when he has a late night work session. The condominium is across the street from the company office. Should Scott include the value of staying in company condominium in his gross income?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...