by Chavenia
(Anaheim, CA)
As a church, are we supposed to report a non-cash gift ($1400 hotel stay) for one of our employees, as reportable compensation to the employee? Or does this fall under the tax-free value threshold of $1,600
1Comments
Non-cash gifts count as income
BBill OConnell
This is taxable income and should be added to box 1 income on the W2.