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IRS: Celebs Better Pay Taxes On Oscar Goodie Bags
POSTED: 11:54 am EST March 6, 2006 Jealous of all the swag given out at the Oscars? Well, the Internal Revenue Service has a reminder for Oscar nominees and presenters. Those pricey vacation packages and other gifts given to the stars are not tax free. In a statement, IRS commissioner Mark Everson says "movie stars face the same tax obligations as ordinary Americans." "We want to make sure the stars `walk the line' when it comes to these goodie bags,” Everson said. The luxury gift packages reportedly are valued at $100,000. |
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