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Emmy's Taxing Goody Bags (E! Online)
Populux | August 16, 2006 at 01:06 amby
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There should be nothing less taxing than a luxurious spa weekend. But try telling that to the IRS. The Academy of Television Arts and Sciences reminded a number of celebrities last week that the swag-stuffed gift bags they receive on Emmy night are considered taxable income and should be reported accordingly to the proper authorities come tax season. Stars scheduled to present statuettes Aug. 27 at the 58th Annual Primetime Emmy Awards received a letter from ATAS politely asking for their compliance ...