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Are Gift Cards From a Vendor Taxable By Your Employer?
Posted on 2/17/15 at 12:55 pm
Posted on 2/17/15 at 12:55 pm
Example: You're in sales and a vendor gives you, directly, a gift card as a sort of bonus or incentive. Can your employer tax that, or is it strictly between you and the vendor?
I realize gift cards are taxable, but the question is does the employer have authority to tax a gift card given to the employee by a third party vendor? TIA.
I realize gift cards are taxable, but the question is does the employer have authority to tax a gift card given to the employee by a third party vendor? TIA.
4
Posted on 2/17/15 at 12:56 pm to RedFoxx
I have no clue but I would be pretty pissed if they tried. 
EDIT: I don't see how they could, though. You're hypothetically getting the "revenue" from somebody else.
EDIT: I don't see how they could, though. You're hypothetically getting the "revenue" from somebody else.
This post was edited on 2/17/15 at 12:58 pm
Posted on 2/17/15 at 1:59 pm to RedFoxx
are you seeing the power to withhold and pay IRS on your behalf?
Posted on 2/17/15 at 2:03 pm to RedFoxx
I'm not sure if kickbacks are taxable but I wouldn't mention them around the office.
Posted on 2/17/15 at 2:18 pm to RedFoxx
It's up to you to claim it. The vender is required to issue a 1099 if it's for $600 or more.
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