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Under U.S. tax rules, the de minimis rule governs the treatment of small amounts of market discount. Under the rule, if a bond is purchased with a small amount of market discount (an amount less than 0.25% of the face value of a bond times the number of complete years between the bond's acquisition date and its maturity date) the market discount is considered to be zero and the discount on the ...
Internal Revenue Code Section 132(a) provides eight types of fringe benefits that are excluded from gross income.These include fringe benefits which qualify as a (1) no-additional-cost service, (2) qualified employee discount, (3) working condition fringe, (4) de minimis fringe, (5) qualified transportation fringe, (6) qualified moving expense reimbursement, (7) qualified retirement planning ...
De minimis fringe” means any property or service whose value (after taking account of the frequency with which the employer provides smaller fringes to his employees) is so small as to make accounting for it unreasonable or administratively impracticable. [2] As a practical matter, 132(a)(4) is a narrowly defined rule of administrative ...
Use of the de minimis exemption has skyrocketed since the threshold was increased to $800 in 2015, said David Townsend, a partner at the U.S.-based law firm Dorsey & Whitney and an expert in ...
RICHMOND – A bill codifying the process for the state to step in and help localities relieve fiscal stress is now heading to the Senate floor after passing its last committee hurdle Wednesday ...
To provide state aid under such a guideline, EU member states require the consent of the European Commission, unless the aid falls under a minimum threshold ('de minimis'). [ 6 ] [ 7 ] [ 8 ] The three other members of the European Economic Area (Iceland, Liechtenstein, Norway) request the exemption from the EFTA Surveillance Authority .
Overall, state aid to districts in Ocean County will decline nearly 6.7% in the 2024-25 school year from the current year. In Monmouth County, state aid will drop about 2.9%.
It required that a for-profit school receive no more than 85% of its revenue from Title IV financial aid sources. This rule was modeled after the earlier Veteran Administration regulation. [4] During the 1998 reauthorization of the Higher Education Act, Congress changed the 85–15 rule to the 90–10 rule.