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Purpose
To state University policy with regard to accounting for the tax consequences of complimentary tickets made available to University employees.
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Policy
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Complimentary tickets/admissions which are made available to certain 黑洞社区 employees are, with limited exceptions, considered to be taxable income to the recipient by the Internal Revenue Service.
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Unless the complimentary tickets/admissions are provided in specific connection with the performance of the employee's employment responsibilities, the value (at faculty/staff rates) of the tickets/admissions will be added to the employee's income base during the tax year received and the appropriate income taxes withheld.
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Unless the complimentary tickets/admissions are provided in connection with the performance of the employee's employment responsibilities, the benefited employee can decide not to accept the complimentary tickets/admissions.
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Implementation
This policy will be distributed to appropriate University personnel for dissemination and implementation.