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
Last reviewed on 06/28/2024
Contacts
Tax Services: (352) 294-7266