Longevity Awards

yakley

We recognize years of service with a check. Is this taxable income?

Tks.

Pork

yes, cash value is taxable; would you also believe that perks are also taxable, a company house used by the ee, the company car/truck/bicycle or whatever transportaion means used by the ee is taxable when the use is recognized as personal use. Temporary housing like a motel for newly located employee may or may not be taxable, depending on the lenth of stay in a temporary billet situation.

Glad you put it on both forum lobby units, welcome on-board!

PORK

marc

Pork is correct.

Ditto on the welcome.