Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle F - Federal Travel Regulation System |
Chapter 301 - Temporary Duty (TDY) Travel Allowances |
SubChapter D - Agency Responsibilities |
Part 301-71 - Agency Travel Accountability Requirements |
Subpart C - Travel Claims for Reimbursement |
§ 301-71.213 - Is the additional fee, which is the equivalent to any late payment charge that the card contractor would have been able to charge had the employee not paid the bill, considered income?
Latest version.
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§ 301-71.213 Is the additional fee, which is the equivalent to any late payment charge that the card contractor would have been able to charge had the employee not paid the bill, considered income?
Yes, you must report this late payment fee as additional wages on Form W-2.
[FTR Amdt. 90, 65 FR 3058, Jan. 19, 2000]