CATS: Allowable Gift Exceptions August 20, 2008 Presented by: Rozzie Gerstman NO GIFTS…also means NO Gift Cards!

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Presentation transcript:

CATS: Allowable Gift Exceptions August 20, 2008 Presented by: Rozzie Gerstman NO GIFTS…also means NO Gift Cards!

NO Gifts…also means No Gift Cards! The only acceptable times for giving gift cards include: Subject Payment – Research Participant Fee ‘Best of’ or Competition *The Foundation never pays for Gift Cards!

Allowable Gift Cards In order to use the gift cards in these circumstances, please provide the following to IU Tax IF (both US citizen and Resident Alien): The card is convertible to cash no matter the amount of the card. If the gift card is not convertible to cash the following are needed for cards more than $ full name of gift card recipient, no exceptions. SSN of recipient W-9 Report to Tax w/EMPLID is required.

Allowable Gift Cards cont. Cash, Gift Card or non-cash item given to Nonresident Aliens as prize/award, no matter the amount, SSN, W8BEN, and Report to Tax with EMPLID is required. Disbursement Vouchers automatically route to FMS TAX area for the following reasons: Moving Foreign SSN Match Employees

Thank you! Conclusion