by Sid » Thu Dec 15, 2016 7:24 pm
s About Taxes)/Gift Cards Taxability Advertisement Expert: John Stancil, CPA - 7/22/2009 If a company purchases gift cards to be given out via a drawing at a company function and everyone in attendance, employees and non-employees, are eligible to win, would the company be required to tax the gift card and report it as taxable earnings for the employees that win? Or would this fall under "gambling winnings" and become the responsibility of the winner to report the income on their personal income tax return?