Okay, this is bizarre. We got a gift from co-workers of Bob's. Totally unexpected. He is now having taxes on the value of the gift taken out of his payroll. Does that make any sense??
Oh, God. Oh, God. My hair. My hair! The government gave me bad hair!
Cordelia ,'The Cautionary Tale of Numero Cinco'
Natter 67: Overriding Vetoes
Off-topic discussion. Wanna talk about corsets, nail polish, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
lisah - Dec 30, 2010 6:54:09 am PST #13562 of 30001
Punishingly Intricate
Daisy Jane - Dec 30, 2010 7:00:26 am PST #13563 of 30001
"This bar smells like kerosene and stripper tears."
Who is "he"? Bob or the giver. Is it a legal thing maybe?
brenda m - Dec 30, 2010 7:00:56 am PST #13564 of 30001
If you're going through hell/keep on going/don't slow down/keep your fear from showing/you might be gone/'fore the devil even knows you're there
Was it actually a gift from the company? If so that's not surprising. But if coworkers ponied up cash that's a little strange.
lisah - Dec 30, 2010 7:03:49 am PST #13565 of 30001
Punishingly Intricate
Sorry, "he" is Bob. The gift tag was signed by two co-workers not from his company name. But even if it was from the company why would we be taxed for it? That makes no sense. It wasn't something we asked for and had nothing to do with his work there. It seems super crazy to me.
Fred Pete - Dec 30, 2010 7:08:47 am PST #13566 of 30001
Ann, that's a ferret.
Happy Anniversary, Amy and S!
Sophia Brooks - Dec 30, 2010 7:11:54 am PST #13567 of 30001
Cats to become a rabbit should gather immediately now here
If a company pays for a gift (or flowers) you are actually "supposed" to be taxed on it-- at least at my university. We actually had to stop giving things because we found this out after we sent a flower arrangement for a family member's funeral! At least here, we don't have to report it unless it is over $20.00.
lisah - Dec 30, 2010 7:17:51 am PST #13568 of 30001
Punishingly Intricate
But wouldn't the company be taxed on it, not the person to whom the gift is given? That doesn't make it much of a gift!
bon bon - Dec 30, 2010 7:21:58 am PST #13569 of 30001
It's five thousand for kissing, ten thousand for snuggling... End of list.
was signed by two co-workers not from his company name. But even if it was from the company why would we be taxed for it? That makes no sense.
I don't specifically know, but it would prevent companies from giving nontaxed benefits/income by just classifying it as a gift.
Lee - Dec 30, 2010 7:23:27 am PST #13570 of 30001
The feeling you get when your brain finally lets your heart get in its pants.
The pass covers all non-skating and qualified skating events--I think I'll be able to pass my WFTDA qualifications by then so I should be able to skate. Then there's the Black & Blue Ball...
Any chance it's in Vegas?
lisah - Dec 30, 2010 7:25:46 am PST #13571 of 30001
Punishingly Intricate
I don't specifically know, but it would prevent companies from giving nontaxed benefits/income by just classifying it as a gift.
Okay, I can understand that. I'm guessing his co-workers didn't know this, though, because they just would have paid for the gift themselves. Otherwise it's pretty tacky.