Re: Do bonuses affect taxes? (US)
It seems somewhat safe to assume bonuses fall into the same catagory as B&M casino comps. The IRS used to say that comps were separate from an individuals gambling activities. Some whale lost quite a bit of money in vegas but received something like a million dollars of comps (far less than what he lost of course)in comps and the IRS said he he owed taxes on the million. The whale challeged the IRS ruling in court and the court ruled that the comps should be considered in the same catagory as gambling winnings...
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