are employer owned vacation club points taxable to employees when gifted to employees?
347765
There are a lot of facts I would want to know to give you a definitive answer, but in general employee gifts that have significant value are taxable to employees in the same manner as wages.
858009
You sound like you don't have any proof. Any written papers from you parents, which state each of them gave you $10,000 every year - I am sure it's a good proof. \n\nGifts you receive aren't considered income. It doesn't matter how large they are. You don't report them on your income tax return in any way.\n    There are a couple of important qualifications on this simple rule:\n\nTrue gifts. This rule applies only to true gifts. You can't avoid paying income tax by calling something a gift when it isn't. For example, a "gift" you receive in exchange for services or some other consideration isn't a gift. \nIncome after gift. If you receive a gift of property that produces income, you must report any income produced after the gift. For example, if you receive stock as a gift, you must report any dividends paid on that stock after the gift. \nYou can find more info in:\nhttp://www.fairmark.com/begin/gifts.htm
1083058
No, taxes (if any) are paid by the estate. You can read more by following the link below. Here's the portion dealing with inheritances:\n\n"No tax on the person receiving your gift or estate.\nThe person who receives your gift or your estate will not\nhave to pay any federal gift tax or estate tax because of it.\nAlso, that person will not have to pay income tax on the\nvalue of the gift or inheritance received."
1176516
I noticed you have this listed under Australia/New Zealand. I can not answer for those countries but, if you are in the United States, the company is responsible for all license and tax fees for their vehicles, regardless if the vehicle is work use only or the employee is allowed to use it for personal use also.
953281
Yes . . . owing taxes (franchise tax board) is NOT a limitation for qualifying as a California employee. . .
1045965
any gift, foreign or not, worth over 11,000 is taxable by the US government.  Most likely they wouldn't find out, but we all know what happened to the guy from survivor who avoided paying his taxes.
411203
Compensation from participation in a business, including wages, salary, tips, commissions and bonuses. opposite of unearned income.
502827
Boston above is right.  It depends entirely on what the award is for.  If it is for pain and suffering, there are no taxes.  But if it is to make up for lost income - like an action against a former employer or a patent or trademark infringement action - ordinary income taxes should be due.  Punitive damages?  I think they're taxable.  They don't restore you to your previous position, they make you better.  So, I'm guessing taxable.\n\nIf you are the member of a class, look at the notices you were sent to see if information about taxation was included.  Then send a letter to the law firm that negotiated the settlement.
168195
Your premiums are deducted from your pay on a post-tax basis. This is done so that if you ever make an LTD claim, the benefit will not be taxable. Benefits experts agree that funding the plan with post-tax employee premiums is most advantageous to participants.  Please note that in the past, part of the cost was paid by the participant and part was paid by the employee.  Therfore, in certain cases the LTD benefit is partially taxable for participants already collecting LTD benefits.\n\nEmployees on LTD will be provided with tax reporting forms directly from UNUM.  These forms will indicate the taxable and non-taxable portion of the LTD benefit.
252855
I've seen some answers here that don't sound right. You had better talk to an tax specialist.\n\nI believe any gift over $11,000 is taxable at its market value.
633438
The giver might have to pay taxes.  The recipient does not pay taxes:\n\n"If you give people a lot of money or property, you might have to pay a federal gift tax. But most gifts are not subject to the gift tax. For instance, you can give up to the annual exclusion amount ($11,000 in 2005) to a person, every year, without facing any gift taxes, and without the recipient owing an income tax on the gifts. And you can give up to $1,000,000 in gifts, total, in your lifetime, before you start owing the gift tax."\n\nGifts not subject to the Gift Tax: http://www.turbotax.com/articles/TheGiftTax.html?source=ttcommain#notsubject
828223
This is to much calculating for me to do in my head so I'll help a little bit.  The vacation home is going to be used "primarily personal" since you did not rent it for more than fifteen days(if I'm wrong its a fourteen day limitation, in which case its a mixed use home) , and you used it for 56 days.  So the income from the home is excludible.  However, if its a fourteen day limitation the home is mixed use, and you would need to allocate income, and expenses as business/personal.  With the IRS method you calculate interest and taxes based on total days used, in this case 71 days.  So the amount of interest and taxes deductible FROM rental income would be 14/56 x 5800.  Keep in mind thats only if its a fourteen day limitation.  I'm pretty darn sure its a 15 day limitation so most likely this vacation home income is excludible.  I would have to look up the number, but I'm to lazy right now. Good luck on your test.
143302
You earn money based in the state you are employed.  Many employees are expected to go out of state for training or conferences.\n\nIf you get millions (plus) for your JOB, then going out of state for that job is still taxable.  Be it a game or a desk job.\n\nYes, they need to pay state taxable income, if that state requires it. If they don't dig it, go to another state to play.
127279
Here is the NC Department of Labor's most frequently asked questions site.  If you scroll down to page 3 read under the heading "Does an employer have to give his employee vacation time off with pay?"  Although the heading is misleading your answer is in that paragraph. The site is under sources:\n\nIt states it must be paid at termination unless the employer has a written forfeiture clause that explains how the earned vacation can be taken away.
295511
A fringe benefit is a payment to an employee, but nit in the form of salary or wages. So it is taxable just like income.
254918
No most companies don't give vacation pay til you been their a year or longer.  Also if you would of taken an approved vacation they could not of fired you.
1108412
Paying parents do have tax incentives.  They can claim that child on their taxes.