[Code of Federal Regulations]
[Title 41, Volume 4]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR301-71.212]

[Page 89]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
           CHAPTER 301--TEMPORARY DUTY (TDY) TRAVEL ALLOWANCES
 
PART 301-71_AGENCY TRAVEL ACCOUNTABILITY REQUIREMENTS--Table of Contents
 
                Subpart C_Travel Claims for Reimbursement
 
Sec. 301-71.212  Should we report late payment fees as wages on a Form W-2?

    No, the Internal Revenue Service (IRS) has determined that the late 
payment fee is in the nature of interest (compensation for the use of 
money).

[FTR Amdt. 90, 65 FR 3058, Jan. 19, 2000]