December 2011

Lau's "Income Deferral for Gift Card Sales" Published by ICPAS

Paul C. Lau of Blackman Kallick's Tax Services group was published by the Illinois CPA Society's (ICPAS) international business tax alert issued on November 15, 2011. The article "Income Deferral for Gift Card Sales" explores the IRS issued two taxpayer friendly revenue procedures on gift cards.

Read the complete alert, "Income Deferral for Gift Card Sales," on icpas.org


For further information, please contact Paul C. Lau at plau@BlackmanKallick.com or 312-980-2935 or your Blackman Kallick representative.

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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.