Universal, Upholstery Vinyl is suitable for Residential, Hospitality, Medical, and Automotive applications. *Fabric dye lots may vary but are within industry standards. We cannot guarantee an exact match.
That is why some Citibank customers have been receiving 1099-MISC statements. They signed up for a bank account and as part of the marketing to get new customers to sign up they were given 25,000 to 30,000 airline miles. Since these miles are considered a gift and not a reward, they are deemed as taxable income.
The good news is all gifts and awards to employees are deductible expenses for employers. Taxable Income to Employees. All cash or gift cards redeemable for cash are taxable to the employee, even when given as a holiday gift. Likewise, monetary prizes, including achievement awards, as well as non-monetary bonuses like vacation trips awarded for meeting sales goals, are taxable compensation â not just for income taxes, but also for FICA. Withholding applies.