@AmeliesUncle wrote:
I realized that those requirements are difficult to prove, so the the IRS would be unlikely to question it. But the rules do state that you need to have set up the 'plan' ahead of time......
I absolutely agree that the requirements you stated are indeed mandatory and also would be very difficult to prove (particularly, that the taxpayer had set a specific dollar amount at the beginning of the tax year).
Also required with respect to the election is that the taxpayer cannot pick and choose; if the de minimis safe harbor election is made for one item (material or supply), it is then applicable to all materials and supplies.
