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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 41 - Public Contracts and Property Management |
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Subtitle F - Federal Travel Regulation System |
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Chapter 301 - Temporary Duty (TDY) Travel Allowances |
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SubChapter C - Arranging for Travel Services, Paying Travel Expenses, and Claiming Reimbursement |
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Part 301-52 - Claiming Reimbursement |
§ 301-52.22 - Will any late payment fees I receive be reported as wages on a Form W-2?
Latest version.
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§ 301-52.22 Will any late payment fees I receive be reported as wages on a Form W-2?
No, the Internal Revenue Service (IRS) has determined that the late payment fee is in the nature of interest (compensation for the use of money). Your agency will report payments in accordance with IRS guidelines.
[FTR Amdt. 90, 65 FR 3056, Jan. 19, 2000]