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Published byChester Cooper Modified over 9 years ago
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CATS: Allowable Gift Exceptions August 20, 2008 Presented by: Rozzie Gerstman NO GIFTS…also means NO Gift Cards!
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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!
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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 $50.00. full name of gift card recipient, no exceptions. SSN of recipient W-9 Report to Tax w/EMPLID is required.
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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
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Thank you! Conclusion
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