Form Nys-50 - Employer'S Guide To Unemployment Insurance, Wage Reporting, And Withholding Tax Page 40
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52Page 40 of 52 NYS-50 (1/14)
Unemployment insurance, wage reporting, and
withholding tax requirements for certain items of income
(continued)
Unemployment insurance and
Income item
Withholding tax requirement
wage reporting requirement
Fees
1. Speaker’s
No, unless for services as an employee.
No
2. Notary public
No
No
3. Jury or witness
No
No
4. Election official
No, unless for services as an employee.
No
Fishing-related activities
Yes
Yes, if subject to federal income tax withholding
because it is paid in cash.
No, if exempt from federal income tax
withholding because the income is derived by
Native Americans exercising fishing rights.
Fringe benefits (that are not allowed as a
deduction from the employee’s federal gross
income)
Yes, unless the employer elects not to withhold
1. Cars provided (personal use)
Yes
federal income tax and (1) gives the employee
advance written notice of the election, and
(2) includes the taxable amount of the benefit
as income on the employee’s wage and tax
statement.
Yes
Yes
2. Flights on aircraft furnished by employer
Yes
Yes
3. Free or discounted commercial flights
Yes
Yes
4. Discounts on property or services
Yes
Yes
5. Memberships in social clubs/country clubs
Yes
Yes
6. Tickets to entertainment or sports events
Yes
Yes
7. Outplacement services
Yes
Yes
8. Supper money
Yes
Yes
9. Reimbursement of employment agency fee
Yes (the reasonable value of any meals, rent,
Yes
10. Meals and lodging
and lodging provided by employers)
Gambling winnings
No
Yes, if the winnings are from the NYS Lottery,
are paid to an individual, and the proceeds from
such wager exceed $5,000.
No, if the winnings are from a wagering
transaction in a pari-mutuel pool for horse races,
regardless of the proceeds realized from such
wager.
Group-term life insurance
No
No
Household help
No, unless voluntary agreement to withhold
Yes
1. Employee compensation
New York State, New York City, or Yonkers tax
between employer and employee is in effect.
See New York State Tax Department bulletin
TB-MU-350, Hiring Household Help, for more
information.
2. Social security tax payments
No
No
(employer’s payment of employee’s share)
Income in respect of a decedent (regardless
No
Yes
of whether paid in year of death or year after
death)
Insurance proceeds (life insurance, endowment
No
No
contracts)
Interest and dividends
No
Yes, if for services.
Interest-free and below-market-interest-rate
No
Yes
loans (paid by employer)
No, regardless of whether the contributions to
IRA contributions
No, unless a salary reduction plan.
the plan are deductible or nondeductible from
the employee’s federal adjusted gross income.
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