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Silent Auctions and Giveaways

Directive Statement

Departments should consider tax implications of silent auctions and giveaways.  It is recommended to contact Tax Services at (352) 294-7266 to discuss tax implications prior to any silent auction or giveaway.

Reason for Directive

To ensure compliance with state regulations and IRS requirements.

Who must comply?

All university departments.

Last Reviewed

05/01/2020: reviewed content

Contacts

Tax Services: (352) 294-7266