TaxPersonal TaxGuests to ‘walk the line’ on Oscar goodies bag

Guests to 'walk the line' on Oscar goodies bag

IRS looking to claim £17,500 in taxes on awards gift bag

Anyone fortunate enough to attend the Academy Awards ceremony over the
weekend could be hit with a hefty tax bill on the value of the items they
received in what must surely be the most lavish of all show bags.

Guests who took home gift-packed bags from the Oscar ceremony may have to pay
$30,000 (£17,500) in taxes on their new acquisitions, the Inland Revenue Service
has said.

According to reports from the US, the bags include included a $7,000 (£4,000)
Victoria’s Secret underwear set and a coupon for LASIK surgery, worth
approximately $100,000 (£8,000).

The IRS has declared that the bags given to Oscar attendees count as taxable
income.

IRS commissioner Mark Everson is reported to have said: ‘We want to make sure
the stars “walk the line” when it comes to these goody bags.’

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