Thankfully, the BIR has also adopted and considered cash and gift certificates as valid de minimis benefits under achievement awards. Some reminders regarding non-taxable de minimis benefits are as ...

This non-cash expense reduces your taxable income, saving you thousands of dollars annually. For private real estate partnership investors, the benefits of depreciation are even more pronounced.

Specifically, if employer-provided coverage is greater than $50,000, the excess amount is considered a non-cash fringe benefit, and the premiums for that extra coverage become taxable income for ...

Imputed earnings refer to income that is assigned to an individual by a government agency or a court, even if they do not ...

Financial gifts are a well-known category of non-taxable ... are akin to cash, i.e., gift cards, are usually considered taxable by the IRS. However, some other employer-provided benefits and ...

The Legality of Rent Reductions as Benefits in Kind: Are They Taxable and How to Declare Them? Rent reductions provided by landlords to tenants in exchange for services or other non-cash ...

Fortunately, there is a little-known way for a non-spouse beneficiary to spread out payments and taxes, continue to benefit from tax deferral ... there’s no cash value. You’ve given up the ...

refers to any non-cash benefit that an employee or individual receives from their employer or other sources, which is considered a form of income for tax purposes. Common examples include company ...

Featuring insights from Courtney Tsai at DAFgiving360 TM, you’ll gain a practical understanding of how donor-advised funds and non-cash asset contributions can unlock significant tax benefits ...