In most cases everything your employer gives you especially cash or its equivalent like gift certificates goes on your W-2 as taxable wages. The following are 11 exceptions which are not taxable:
1. Holiday turkey
2. Coffee and drinks in the break room
3. Cost of up to $50,000 in group term life insurance
4. Up to $5,250 of qualified educational assistance
5. Employee discounts on services/goods sold by the company
6. Qualified employee length of service and safety awards limited to $1,600 in value
7. Value of employer provided athletic facility on premises
8. Meals furnished on employer's premises for its convenience
9. Retirement planning services
10. Qualified adoption assistance up to a certain limit
11. Limited personal use of the company copier
As the letters indicate, it’s important for employers to complete this questionnaire, in order to comply with the law and prevent paying civil monetary penalties associated with non-compliance. BCBSNC is unable to complete this questionnaire on the group's behalf. Executive Employers Reviews
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