2013-29, which allows taxpayers to defer income from the sale of gift cards
or gift certificates redeemable by an unrelated entity until the cards or certificates are redeemed for goods and services by that entity.
In order to reduce controversy, the IRS and Treasury have concluded that a taxpayer that sells gift cards
redeemable through other entities in an eligible gift card
sale should be treated in the same manner as a taxpayer that sells gift cards
redeemable only by that entity.
CashStar cofounder and CEO David Stone explains, "By leveraging our patent pending offer management platform, Dippin' Dots can now deliver personalized incentives and coupons in conjunction with their gift cards
or as standalone incentives to drive sales.
In November it was disclosed that computer systems used by RBS WorldPay--a subsidiary of the Royal Bank of Scotland, which is a leading processor of prepaid and gift cards
including some sold by CUs--were hacked.
Marks & Spencer Implements Gift Cards
RGCA and GCI have partnered with InComm and Ceridian Stored Value Solutions to sponsor Gift Card
com is a full-service solution from Smart Transaction Systems that allows small businesses to sell gift cards
online without the overhead of launching and managing an e-commerce site.
Customers can purchase the cards in person at a participating restaurant, online, via fax or e-mail, or by telephone through the taxpayer's gift card
People usually receive a $50 gift card
for their birthdays.
The accounting for gift card
sales presents an emerging reporting dilemma for retailers.
and West Hollywood, is promoting its gift card
program by giving a $100 bonus gift card
for every $500 in gift cards
Antler Scrambler Maze - A reindeer-shaped gift card
that comes with a magnet stylus to help users navigate the antler maze.