3 ms·
The IRS generally considers gift cards as cash equivalent. I'm not a {tax,law,finance,*} professional, but I believe the USPS agrees. I do agree that the text y
by harrisi 3y ago
The IRS generally considers gift cards as cash equivalent. I'm not a {tax,law,finance,*} professional, but I believe the USPS agrees. I do agree that the text you quoted is a bit ambiguous by itself. "De minimis fringe benefit" is a relevant thing to look up for the curious.
(PDF) https://www.irs.gov/pub/irs-tege/p_4090_fed_0305_text.pdf https://www.irs.gov/pub/irs-tege/p_4090_fed_0305_text.pdf