Hi, Tom Choisnet, enrolled agent again. I
wanted to add a little more on the business gift. We talked about employment achievement
awards, and I wanted to break out a separate section, because it seemed to be a little
loop as to the business gift rules. So, I made some notes here that I’m going to refer
to. Employment achievement awards have to do with length of service, or safety awards.
They cannot discriminate to highly compensated- much as many of the pension rules – and it
requires a minimum of five years service for them to qualify. And then on top of that,
the average of such awards cannot exceed four hundred dollars. So it’s just a little loophole
that can help get around that twenty-five dollar per donee on the business gift. So
I hope that’s helpful and take a little look at some of the other segments we have. You’ll
enjoy the clips. Thank you.