Comment Taxable? (Score 2) 199
I wonder how the IRS views this program.
The PC's are apparently owned by PeoplePC, and not by either HP or their workers. However, HP pays part of the standard lease rate for any of their employees who participate. Is this subsidy considered taxable income for the worker?
Nevertheless, I think it's a good idea. Five years ago, I was able to get a high-end new computer because my employer provided interest free loans for computer purchases. Of course, when I left for a higher paying job, I had to pay the entire remaining balance in one lump sum; but it's better than losing the whole computer with all my personal files.
The PC's are apparently owned by PeoplePC, and not by either HP or their workers. However, HP pays part of the standard lease rate for any of their employees who participate. Is this subsidy considered taxable income for the worker?
Nevertheless, I think it's a good idea. Five years ago, I was able to get a high-end new computer because my employer provided interest free loans for computer purchases. Of course, when I left for a higher paying job, I had to pay the entire remaining balance in one lump sum; but it's better than losing the whole computer with all my personal files.
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Index of Alternative Operating Systems
