Post #4909 by lizgdal on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (5)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 3

Tax laws may have been violated.

Trip Bonuses and Effects on Gross Income
"The Internal Revenue Service considers a trip bonus to be taxable compensation, just like salary and wages."
https://smallbusiness.chron.com/calculate-tax-rate...

What is considered a gift?
Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return.
https://www.irs.gov/businesses/small-businesses-se...

"The IRS can impose penalties for not filing a gift tax return, even when no tax was due."
https://www.forbes.com/sites/bobcarlson/2022/02/24...

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (5)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.