Sagginit
Hulagirl_Tiki
- Joined
- Jul 15, 2009
so first off yes i have consulted my company but need to wait to meet with someone for a clear answer and would like to go in there knowing what i am talking about in case they try to trick me into believing its not what i think it may be. so the scenario is i was given giftcards as an incentive and told they were paying all taxes and taking care of all that, we would pay nothing. i know it may seem to good to be true but we get other taxable incentives and they said this would be different how it was processed.
someone discovered this when their w2s did not match their last paystub and was told by payroll it was because of these giftcards which just did not seem right to us. i just researched it and it says according to the govt. giftcards are cash and taxable so now I am not sure how they could be gifting them to us without us paying taxes as they claimed.
so here is my question, is this actually increasing my yearly gross income without me being aware of it if they are filing these under my name and paying the taxes on my behalf? the second part is, they are calculating taxes it looks like off a higher gross amount than what my bonus giftcard was, i read that this can be done by an employer to ensure you get the full amount. does this then mean my gross income is being inflated by them?
this is so budget board b/c i did my taxes. i then went in today and found these hidden in there and am now concerned that i will have to file an amendment and it may affect the refund i just got.
someone discovered this when their w2s did not match their last paystub and was told by payroll it was because of these giftcards which just did not seem right to us. i just researched it and it says according to the govt. giftcards are cash and taxable so now I am not sure how they could be gifting them to us without us paying taxes as they claimed.
so here is my question, is this actually increasing my yearly gross income without me being aware of it if they are filing these under my name and paying the taxes on my behalf? the second part is, they are calculating taxes it looks like off a higher gross amount than what my bonus giftcard was, i read that this can be done by an employer to ensure you get the full amount. does this then mean my gross income is being inflated by them?
this is so budget board b/c i did my taxes. i then went in today and found these hidden in there and am now concerned that i will have to file an amendment and it may affect the refund i just got.