Taxability of housing allowance for non-minister
I have searched the IRS website and not gotten a definitive answer (shocking right? lol)
We are moving an employee from one company to another (different FEIN's).
His transfer offer states " Company will pay any difference in the cost of a comparable house to what you have now up to $100,000. Company will pay all moving/relocation expenses. Company will rent housing for you while you find permanent housing."
I'm thinking all of the items listed will be taxable income to the employee and must be reported on his W-2. But when I search on the IRS site it only references Minister's housing allowance. Any info/advice would be appreciated! Thanks!