An employee holiday party would be a tax-exempt de minimis fringe benefit.

Question

Quizplus · Accepted Answer

An employee holiday party can be considered a de minimis fringe benefit, which is a benefit provided by employers to their employees that has so little value (taking into account how frequently similar benefits are provided to employees) that accounting for it would be unreasonable or administratively impracticable. Examples include occasional parties or picnics for employees and their guests.

An Employee Holiday Party Would Be a Tax-Exempt De Minimis