With incentives, it sometimes takes an expert to figure out who should write a check to the Internal Revenue Service at the end of the year. Here are some guidelines: A true incentive, which rewards an employee for achieving certain goals, is 100 percent deductible for the company providing the incentive. “The bad news is that the fair market value of the trip is going to be considered taxable income to the recipient” and must be reported on an IRS 1099 form, says Jonathan T. Howe, senior ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only unlock thePrinter-friendly, you'll also gain access to exclusive premium content.

Already registered? here.