Who is "he"? Bob or the giver. Is it a legal thing maybe?
'Safe'
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.
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.
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.
Happy Anniversary, Amy and S!
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.
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!
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.
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?
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.
Yeah, I'm sure they had no idea - it's the kind of rule that I'd bet is there to prevent crazy deals where you get, I dunno, Ferraris and shit as an "unoffical" part of your compensation. It's a shame that it bites innocent giftees like Bob, not to mention whoever gets stuck doing the accounting for funeral flowers at Sophia's always-wacky workplace.