Is there a taxable benefit?
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Is there a taxable benefit?
Answer
The item is not a taxable benefit. You do not have to include it in income.
You have told us:
- The item qualifies as a valid gift or award
- The item is not a gift or award in cash or near-cash, a performance-related award, a reimbursement, a hospitability reward, disguised remuneration, or a gift and award given by closely held corporation to its shareholders, related persons, or someone who is not an employee
- The item is a gift or award of small or trivial value
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- Date modified:
- 2016-12-08