Thursday, August 17, 2006

IRS Begins Outreach to Entertainment Industry on Gift Bags Following Academy Agreement

IRS Begins Outreach to Entertainment Industry on Gift Bags Following Academy Agreement: "WASHINGTON — The Internal Revenue Service announced today the beginning of an outreach campaign to the entertainment industry regarding the taxability of gift bags and promotional items. The effort follows an agreement announced today between the tax agency and the Academy of Motion Picture Arts and Sciences."

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