A client's W2 has an amount reported in Box 14 for PUCC (personal use of company vehicle). My understanding is this is taxable, but has it already been reported in Box 1? Do I need to do anything with the amount reported in Box 14?
It should already be included in Box 1 wages. You don't need to do anything else with it.
Box 14 is just informational. It kinda helps explain why box 1 might be different from the client's last payroll check.
Great! Thanks for confirming!
