[mla1169]

I am currently seeking a new job, this is not likely to be a long time situation but I can not be unemployed.

I do not SERIOUSLY believe my cpa license would be in jeopardy but not taking any chances.

My boss wants to give all of the employees gift cards as awards/bonus. I told him that the IRS is clear that gift cards (of ANY value, even $10) must be added to the employee’s taxable income. He (not a CPA) demanded that I give out the gift cards and not add them to ADP.

I asked him to please put that order in writing, as I have a CPA license to protect and will not jeopardize it over a stupid $50 amex gift card. He has refused. In fact he raised his voice and told me he will NOT let me hold MY CPA license over HIS head.

Again, even if the IRS caught this minimal infringement, HE would be responsible for the penalties and fines if any. I don’t sign off on any of this. Just fries my backside that he would HIRE a CPA and not take the advice of the professional he chose.

Off to search monster.com………….again.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[tough_kitty]

Wow, what a jerk!!!!! I honestly don't know what to tell you, but scenarios like this one frighten me as well….

Let me see what I recall from our REG exam/ethics……..if you discover an error in a previous tax return, you advice them to correct it, and if they refuse, you should reconsider working for them in the future….so, if you apply this in your current scenario, I guess you have no choice but follow your boss's orders and look for a new job – just like you are doing already!

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Wow, what a jerk!!!!! I honestly don't know what to tell you, but scenarios like this one frighten me as well….

Let me see what I recall from our REG exam/ethics……..if you discover an error in a previous tax return, you advice them to correct it, and if they refuse, you should reconsider working for them in the future….so, if you apply this in your current scenario, I guess you have no choice but follow your boss's orders and look for a new job – just like you are doing already!

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[teeteenounouche]

Indeed.com is great also 🙂

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

Indeed.com is great also 🙂

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Study Monk]

Just add the gift cards to ADP and in the future don't tell your boss every little thing that you need to do to do your job properly. If he fires you as a result you may have cause for legal action. It is lame though that the IRS requires employers to include $50 dollar gift cards in compensation. I guess materiality doesn't come into play with issues in tax.

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[Study Monk]

Just add the gift cards to ADP and in the future don't tell your boss every little thing that you need to do to do your job properly. If he fires you as a result you may have cause for legal action. It is lame though that the IRS requires employers to include $50 dollar gift cards in compensation. I guess materiality doesn't come into play with issues in tax.

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[mla1169]

LOL Monk “don't tell your boss every little thing that you need to do to do your job properly”.

Trust me I don't tell my boss much of anything I do. BUT when it comes to making an adjustment on every employee's W-2 form its no longer a little thing., Many employees will check their W-2 to their final paystub of the year. Many of them will come to HR and/or accounting if it is different.

A company needs to have a written policy about such things (which is why most companies don't give out gift cards ever).

This one “little thing” is really not so little. You don't screw with people's taxable income without giving them a heads up first and have it very well documented.

I've been working a long long long time LOL. I know when it needs to be discussed and when it doesn't.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[mla1169]

LOL Monk “don't tell your boss every little thing that you need to do to do your job properly”.

Trust me I don't tell my boss much of anything I do. BUT when it comes to making an adjustment on every employee's W-2 form its no longer a little thing., Many employees will check their W-2 to their final paystub of the year. Many of them will come to HR and/or accounting if it is different.

A company needs to have a written policy about such things (which is why most companies don't give out gift cards ever).

This one “little thing” is really not so little. You don't screw with people's taxable income without giving them a heads up first and have it very well documented.

I've been working a long long long time LOL. I know when it needs to be discussed and when it doesn't.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Study Monk]

Maybe you can contact the AICPA to get professional advise. Your three choices seem to be:

1)quit before transaction

2)give in and hopefully IRS doesn't find out and if they do hopefully the axe will fall on your boss

3)do the transaction the right way and when your boss confronts you state your opinion on the matter firmly again.

Is there anyway to have your boss reimburse the company for the expense and count them as a personal gift which I believe wouldn't be a taxable event.

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[Study Monk]

Maybe you can contact the AICPA to get professional advise. Your three choices seem to be:

1)quit before transaction

2)give in and hopefully IRS doesn't find out and if they do hopefully the axe will fall on your boss

3)do the transaction the right way and when your boss confronts you state your opinion on the matter firmly again.

Is there anyway to have your boss reimburse the company for the expense and count them as a personal gift which I believe wouldn't be a taxable event.

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[mla1169]

Thanks Monk. Unfortunately its just not that easy. I wish it were.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[mla1169]

Thanks Monk. Unfortunately its just not that easy. I wish it were.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Study Monk]

haha you caught my earlier version :p . I have the opposite effect than most people as soon as my exam gets close I get major ADD and can't focus. Since its OT I thought I would share.

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[Study Monk]

haha you caught my earlier version :p . I have the opposite effect than most people as soon as my exam gets close I get major ADD and can't focus. Since its OT I thought I would share.

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[Anonymous]

There is a phrase that I can teach you to deal with this kind of stupidity on your employers part. It starts with an F and ends with a you! No body puts my license in jeopardy and I commit tax fraud for no one!!!

[Author]

Replies