"By exempting these low-value shipments from taxes and duties, they keep costs down and allow entrepreneurs, I think, to compete on a much larger scale." "Rather than eliminating de minimis ...

First, let’s explore tax-free employer presents. These gifts are generally not taxed if they are deemed “de minimis,” which means: Low in cost (like Christmas turkeys, books, candles ...

Note: Ending the tax exclusion on employer-provided transportation may not include de minimis travel ... a provision affecting the taxability of tips in this day and age where tips range ...

The Biden-Harris administration announced Friday that it is taking action to limit the number of imports eligible for the de minimis exception ... including duties and taxes, inspections, and ...

Section 321, also known as de minimis, allows importers to avoid paying duty and tax on shipments that are valued at less than $800 and going directly to customers. Shippers using de minimis do ...

However, the de minimis fringe benefit exclusion does not apply if an institution provides complimentary season tickets. Exempt, if DeMinimis otherwise Taxable at time of payment, Reportable on W-2 ...

Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10% tax on Chinese goods. The nearly century-old exception, known as de minimis, has been used by many ...