IRS, Hollywood Foreign Press Association Reach Agreement On Gift Baskets

IRS, Hollywood Foreign Press Association Reach Agreement On Gift Baskets: "The Hollywood Foreign Press Association and the IRS reached a mutually satisfactory agreement that will resolve outstanding tax responsibilities with respect to Golden Globe Awards presenter gift baskets. The Hollywood Foreign Press Association (HFPA) voluntarily approached the IRS last year seeking to clarify the tax issues surrounding the gift baskets, as well as to ensure that any obligations for the prior years were met."