Training
Provided by Lorman Education Services
BenefitsThe
IRS is aware that the popularity of gift cards has increased at a remarkable rate in recent years. Gift card sales by retailers raise a variety of interesting and complicated tax issues. The IRS has announced that certain gift card issues are
Tier II issues; some of which must be raised during an examination and some of which should be raised during an examination. The IRS announced, in several industry director directives, that it plans to focus on several specific issues in this area. Despite this emphasis on gift card revenue issues however, the IRS has provided little guidance in this area. The sale of gift cards also raises a variety of state tax and state law issues.
This teleconference will help you identify and handle the numerous federal and state tax issues surrounding the sale of gift cards. Specifically, this teleconference will provide you with insight as to the various issues of concern for the IRS and the IRS' current thinking in connection with these issues. You will gain an overview of strategies used by retailers for minimizing unclaimed property reporting obligations related to gift cards and similar items.
Accountants,
CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, enrolled agents and attorneys
| This is primarily teleseminar training |  | This class may be available at a classroom in Milwaukee, WI,
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 | Contact Lorman Education Services for more information |
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| Duration: | 1 days | | Training Presented in: | English |
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