$24.95 
Learn more
Submitted By: someone
Answered: May 6, 2019 9:49 pm
Answered: May 6, 2019 9:49 pm
I received $1,000 from my employer in lieu of taking company health coverage. Since this was not for work performed, do I have to report this as income?
Yes. There is no exclusion from income for the payment from an employer to an employee who opts not to take company health coverage.
advertisement
Featured Books
Tax Glossary
Qualified domestic relations order (QDRO)
A specialized domestic relations court order that conforms to IRS regulations and provides instructions to pension plan administrators and IRA custodians as to how to pay benefits to a divorced spouse.
