Posted By: Pedal Pusher on 2008-04-11
In Reply to: Check this out. This has to do with winning prizes for this company. - maverick

Got bad news for ya--it's not unusual.  I work at Hopkins during my day job, and we have to be careful sending FLOWERS to employees for congrats or sympathy events such as births or deaths, because that qualifies under the rule of business gifts and they would be taxed for any flower order over $25.  Do you know how hard it is to get flowers delivered for under $25??? Still pushin' da pedal...

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• Check this out. This has to do with winning prizes for this company. - maverick (Views: 421, 2008-04-10)
  • Even flowers get taxed - Pedal Pusher
  • Sooo sorry guys. I know bonuses are taxed, just the camera broke. - maverick (Views: 94, 2008-04-10)
    • Is it still under warranty, if so I would send - xt (Views: 48, 2008-04-10)
  • I think this is nuts because - Leavin' very soon! (Views: 127, 2008-04-10)
  • Hospital I worked at had to report any "gifts" worth more than $25 , even to doctors ... - it's the IRS way . not MQ .. LOL no message (Views: 70, 2008-04-10)
  • I would be wondering about your accountant if I were you. SM - MTR (Views: 147, 2008-04-10)
    • I agree. She just does not trust - maverick (Views: 67, 2008-04-10)
  • Tax on prizes - MQMT4now (Views: 172, 2008-04-10)
    • Thank you for that. Greatly appreciated. nm - maverick (Views: 54, 2008-04-10)
  • They stated last year that any winnings would - MQ MT (see inside) (Views: 111, 2008-04-10)
  • Every company has to report winnings as income. - SM (Views: 82, 2008-04-10)
    • Thanks, makes me feel better, - maverick (Views: 59, 2008-04-10)
  • That's like taxing on a Christmas bonus s/m - mtroadie (Views: 105, 2008-04-10)
    • My husband gets a X-mas bonus and there are always taxes taken out. nm - MTR (Views: 49, 2008-04-10)
    • Bonuses are definitely taxed. - (nm) (Views: 52, 2008-04-10)
    • We do tax gifts in this country. You are gaining a value. - Where do you get no taxes on it? (Views: 77, 2008-04-10)
      • Did you pay tax on the Christmas - mtroadie (Views: 75, 2008-04-10)
        • Personal gifts are not business gifts. - There's a difference. (Views: 49, 2008-04-10)
        • ??? Gifts are not taxable unless over a - certain amount???? (nm) (Views: 45, 2008-04-10)
    • I thought the same thing - anom (Views: 88, 2008-04-10)
      • You are responsible for reporting winnings/losses anyway. - MQ MT (see inside) (Views: 126, 2008-04-10)
        • Casinos, horseracing, etc. are not taxable - see mes. (Views: 59, 2008-04-10)
          • The IRS site says differently ... - see link inside!! (Views: 65, 2008-04-10)
            • Okay, that is what it says, but how many - see mes. (Views: 58, 2008-04-10)
        • According to my accountant, small - mtroadie (Views: 97, 2008-04-10)
        • Sorry, - maverick (Views: 80, 2008-04-10)