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I understand that prizes to employees are reportable on IRS Form W-2 . . . . | Tax Information Reporting Skip to main content

I understand that prizes to employees are reportable on IRS Form W-2 . . . .

Question

I understand that prizes to employees are reportable on IRS Form W-2 as wages. I just want to clarify the following issue. If an employer sponsors an event and gives attendance prizes, will an attendance prize won an employee be reportable on the W-2 rather than the 1099 even if the event and employee's attendance of the event have nothing to do with the employee's job duties. Thanks you for your assistance.

Answer

 

Whether a prize or award to an employee can be

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