CFR > Title 41 - Public Contracts and Property Management > SUBTITLE F—Federal Travel Regulation System > CHAPTER 301—TEMPORARY DUTY (TDY) TRAVEL ALLOWANCES (parts 301-1 to 301-76) > SUBCHAPTER C—ARRANGING FOR TRAVEL SERVICES, PAYING TRAVEL EXPENSES, AND CLAIMING REIMBURSEMENT (parts 301-50 to 301-54) > PART 301-52—CLAIMING REIMBURSEMENT > 301-52.22—Will any late payment fees I receive be reported as wages on a Form W-2?

301-52.22—Will any late payment fees I receive be reported 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). Your agency will report payments in accordance with IRS guidelines.

Code of Federal Regulations

[FTR Amdt. 90, 65 FR 3056, Jan. 19, 2000]