http://www.hrbenefitsalert.com/keeping-the-gift-in-employee-gift-cards/ Daily dose of benefits news and know-how Tue, 04 Aug 2009 18:30:38 -0400 http://wordpress.org/?v=abc hourly 1 http://www.hrbenefitsalert.com/keeping-the-gift-in-employee-gift-cards/comment-page-1/#comment-1373 Jim Fri, 14 Nov 2008 14:28:01 +0000 http://www.hrbenefitsalert.com/?p=188#comment-1373 That is an old rule interpretation, the IRS has specifically ruled that gift cards of any value are taxable income now, there is no de minimus exception. IF you search the web make sure you look for recent articles That is an old rule interpretation, the IRS has specifically ruled that gift cards of any value are taxable income now, there is no de minimus exception. IF you search the web make sure you look for recent articles

]]> http://www.hrbenefitsalert.com/keeping-the-gift-in-employee-gift-cards/comment-page-1/#comment-1308 Pete Limone Thu, 06 Nov 2008 19:15:00 +0000 http://www.hrbenefitsalert.com/?p=188#comment-1308 I used to handle imputed income for a large corporation. The guidance given was the IRS considered any gift under $25 as "de minimus". However, you must track the gift cards given to employees and if the total was greater than $50 we would consider that "imputed income" to the employee and charge tax I used to handle imputed income for a large corporation. The guidance given was the IRS considered any gift under $25 as “de minimus”. However, you must track the gift cards given to employees and if the total was greater than $50 we would consider that “imputed income” to the employee and charge tax

]]>