January 24, 2018
1xbet best casino website are now taxable
Submitted by Human Capital Services
Recent federal tax legislation removes exemptions applicable to moving expense direct pays and reimbursements. Under the new law, which became effective Jan. 1, all payments for 1xbet best casino website to, or on behalf of an employee must be reported as wages and taxes must be withheld.
Accordingly, as of Jan. 1, all reimbursements of 1xbet best casino website to current or prospective employees will be reported to Human Capital Services-payroll so that the appropriate taxes may be withheld from employee paychecks. This is true even if the expenses were incurred in a prior year, and the employee is not reimbursed until 2018.
Likewise, when the university contracts with a moving company to assist an employee with a move taking place on or after Jan. 1, those amounts will be reported to Human Capital Services-payroll so that employees may be taxed appropriately.
What does this new tax bill change mean?
All 1xbet best casino website , regardless, if reimbursed to an employee or paid directly to a moving company is taxable. The distinction of qualified — nontaxable — and non-qualified — taxable — 1xbet best casino website have been suspended through Dec. 31, 2025. All 1xbet best casino website will be taxed accordingly and reported in box 1 of the W-2 form.
Reference: K-State policy and procedures, chapter 6320,Document Completion Procedures.
Questions may be directed to Human Capital Services at 785-532-6277 and/or Division of Financial Services at 785-532-6210.