Payroll FAQ - Clothing
Who can I contact if I have any questions?
How is fair market value (FMV) determined?
How is FMV determined when cost is not available or no cost was incurred (i.e. Athletics Nike contract, donated items given to employees that have value)?
How will I be taxed on the clothing?
How do I know if the clothing issued meets IRS requirements for exclusion?
When should a Determination of Taxability Form be completed?
What are some examples of clothing considered non-taxable?
What are some examples of clothing considered taxable?
What if I receive a clothing allowance through my paycheck and am not issued the clothing directly?
