Here is a scenario that I need help with. If your marketing department wishes to advertise that for each new account, the account holder would receive two free passes aboard a local dinner cruise vessel. The vouchers are being "donated" by the dinner cruise vessel for us mentioning them in the advertisement. Additionally, the dinner cruise vessel is a customer of the financial institutions. Since the vouchers are being "donated", is a 1099 required eventhough the vouchers are valued at more than $10.00?
Any assistance would be greatly appreciated.
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The opinion stated here is what it is, My Opinion.