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:

2015-12-10