Is the additional fee, which is equal to any late payment charge that the card contractor would have been able to charge had I not paid the bill, considered income?
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Law
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CFR 41
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Public Contracts and Property Management
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Federal Travel Regulation System
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Temporary Duty (TDY) Travel Allowances
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Arranging for Travel Services, Paying Travel Expenses, and Claiming Reimbursement
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Claiming Reimbursement
- Is the additional fee, which is equal to any late payment charge that the card contractor would have been able to charge had I not paid the bill, considered income?
Yes, your agency will report this payment as additional wages on Form W-2.
[FTR Amdt. 90, 65 FR 3056, Jan. 19, 2000]
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