Stories Related to Employee Gifts: Are They Taxable Income? Tax Deductible For The Company?

for LBMC, The Tennessean
Mon, 12/04/2017 - 3:29pm

Employee gifts: Are they taxable income? Tax deductible for the company?

Sections: u.s.

Backyard chickens being looked at in White House as city revisits regulations
'Backyard chicken raising' discussed in White House as city to revisit regulations More
Former TN state Sen. Brian Kelsey now claims the feds breached his plea deal. Here's why.
Kelsey hopes to avoid reporting to federal prison until an appellate court considers his appeal, which could be a lengthy delay. More
Christa Pike, who would be first Tennessee woman executed in 200 years, moves to reopen appeal
If her sentence stands, Christa Pike would be the first person executed in Tennessee for a crime committed at age 18 since 1976. More
Lego fan expo brings top builders this weekend to Nashville area. How to attend
Lego fan expo to draw thousands to Nashville area to see top builders. More
Nashville police:15-year-old charged with criminal homicide after death of 17-year-old
Police charged a 15-year-old after 17-year-old Paul Nicholas Reed was left fatally wounded in the parking lot of an East Nashville community center. More

BING NEWS:

Are Home Improvements Tax-Deductible? (It’s a Bigger Question Than You Might Think)
It’s always a good idea to check energy.gov or consult a knowledgable tax professional, but the general guidelines for IRA tax deductions for energy-efficient improvements include the following, with ...
05/13/2024 - 7:47 am | View Link
Are My Credit Card Rewards Taxable?
Some—but not all—credit card rewards can be ignored come tax time.
05/10/2024 - 6:00 pm | View Link
Treasury Issues New Proposed Regulations On Foreign Trusts And Gifts
Complex tax reporting rules and penalties apply to foreign trusts and gifts. On May 7, 2024, Treasury released proposed regulations seeking to clarify the confusion.
05/8/2024 - 6:36 am | View Link
Are there tax implications when a Roth IRA withdrawal becomes a gift?
Q: My wife’s father is making a $240,000 withdrawal from his Roth IRA and will distribute it equally to four of his five children ($50,000 each), and he will be forgiving some debt owed by the fifth ...
05/7/2024 - 12:00 am | View Link
12 Types of Passive Income That Aren’t Taxable
In some cases, disability payments can be considered taxable income. However ... However, recipients of gifts never have to pay tax on what they receive. Alimony was formerly deductible by the payer ...
07/28/2023 - 8:11 am | View Link
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