Promotional Gifts Hit the IRS Radar: Are Incentive Gifts Next?

Beware of giving lavish promotional gifts that have no direct connection to your business. That's the message from a recent clampdown by the Internal Revenue Service, that, according to The Wall Street Journal, has forced a decision by Hollywood not to offer gift bags at next year's Academy Awards and a requirement at the Emmys this year that all recipients fill out W-9 forms on which they provide their Social Security numbers. Some estimate that the value of these giveaways is as high