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Brianna Lovaas18/10/230 minutes 1, second read

Brianna Lovaas
Bacon evangelist. Proud zombie maven. Hipster-friendly zombie enthusiast. Total organizer. Hardcore coffee nerd.
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What is the 4 gift rule for christmas?
Brianna Lovaas2 minutes 12, seconds readHowever, we changed it just a little. I removed the “wear and tear” part.
Do i have to report gifted money as income?
Brianna Lovaas2 minutes 10, seconds readThe person receiving your gift doesn't have to report it to the IRS or pay income tax or gift on its value. You make a donation when you give away a property, including money, or the use or income of the property, without expecting to receive something of equal value in return.
Are christmas gifts to employees tax deductible?
Brianna Lovaas1 minute 55, seconds readFor example, you can deduct gifts such as a Christmas ham or a gift basket. While donations to employees have their own limitations and can be treated as taxable compensation, the employer can generally deduct the full cost of donations made to employees.
What should not be gifted at christmas?
Brianna Lovaas1 minute 22, seconds readTo make sure you're not the person who ruins the vacation, avoid giving away these 10 items, underwear. They call them unnamable for a reason.