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Some Things Are Worth Repeating: Beware of PTO Cash-Outs!
Best Best & Krieger LLP Link to more items from this source
Apr. 22, 2014
"Most people ... have a hard time appreciating why an employee with hundreds of hours of unused PTO would be taxable on the value of PTO that they do not either take or cash out. But ... 'constructive receipt' can make a person taxable on income (cash) that the person could take, but chooses not to.... Employers with such policies have almost certainly under-reported income taxes and payroll taxes!"

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