Well the company can pick up the taxes for it based on

the employees tax return but then that would also be taxable income for the employee, so they would need to pick that up, so on and so forth.

Winning something or a non-cash bonus like that means a nasty surprise at tax filing for most people.

In response to this post by Hokie360

Posted: 01/31/2018 at 3:55PM

Really wish clients would call when they're going to do something out of -- Hokie CPA 01/31/2018 12:50PM

I used to say engineering would be great if it were not for the clients. ** -- MikeVT85 01/31/2018 2:36PM

She should have done a survey of how many people she chatted with flossed -- DonHo-kieHi 01/31/2018 1:46PM

Waterpik baby! Only flossed once since I bought it. Waterpik daily though. ** -- HokieinTampa 01/31/2018 2:26PM

I did not and at my next checkup you are still going to tell me -- jmanatVT 01/31/2018 2:04PM

What if he just doesn't deduct it - that would save time ** -- bigbadbird 01/31/2018 1:02PM

I have to sign this thing under penalty of perjury that it's correct. -- Hokie CPA 01/31/2018 1:12PM

Agree -- bigbadbird 01/31/2018 2:15PM

Call it a training seminar ** -- 81_Hokie 01/31/2018 1:33PM

Not a chance. If an IRS agent saw how it was originally booked, he'd -- Hokie CPA 01/31/2018 1:37PM

I kid! ** -- 81_Hokie 01/31/2018 1:55PM

It's an hourly business ** -- bigbadbird 01/31/2018 1:00PM

This is why employees can't have nice things. -- Naelbis 01/31/2018 1:00PM

Then why would they hire you? ** -- Technocrat 01/31/2018 1:00PM

Yeah, but ... -- Nova Hokie 95 01/31/2018 12:58PM

Are they making the employee foot the tax bill for it? ** -- Hokie360 01/31/2018 12:58PM

Well the company can pick up the taxes for it based on -- fordham 01/31/2018 3:55PM

Oh yeah... employee was not happy when I called earlier today. -- Hokie CPA 01/31/2018 3:58PM

Winning!!!! my sister won a car while at college at VT, i had to talk her -- fordham 01/31/2018 4:50PM

Deleted. CPA cleared up below.** -- CochraneResident 01/31/2018 1:20PM

It's no different than a cash bonus at the end of the day. ** -- Hokie CPA 01/31/2018 1:23PM

Except you can spend the cash bonus on whatever you want ** -- Brown Water 01/31/2018 2:46PM

Nah. Boss will cover it. ** -- Hokie CPA 01/31/2018 1:18PM

On the bright side, they'll know better the next time. -- EDGEMAN 01/31/2018 12:57PM

Well the company can pick up the taxes for it based on

Insert a Link

Tech Sideline is Presented By:

Our Sponsors