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Get the free Gifts and Prizes Reporting Form - Page 1 - Financial Affairs - financialaffairs depaul

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REVISED JUNE, 2017DePaul University Controllers Office 1 East Jackson Boulevard Chicago, Illinois 60604 (312) 3625611Gifts and Prizes Reporting Form Page 1The Gifts and Prizes Reporting Form must
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How to fill out gifts and prizes reporting

01
Start by gathering all the necessary information related to the gifts and prizes that need to be reported.
02
Identify the purpose of the reporting and any specific requirements or forms that need to be filled out.
03
Determine the reporting period and make sure you have the accurate dates and timeframes.
04
Begin filling out the reporting form by providing the required information such as the recipient's name, address, and contact details.
05
Document the value of each gift or prize and include any supporting documentation if required.
06
Specify the nature of the gift or prize, whether it is cash, merchandise, services, or other.
07
Provide any additional details or explanations as needed for transparency and clarity.
08
Review the filled-out form for accuracy and completeness before submitting it for reporting.
09
Submit the filled-out form through the designated reporting channel or platform.
10
Keep a copy of the submitted report for future reference or auditing purposes.

Who needs gifts and prizes reporting?

01
Anyone or any organization that provides gifts and prizes to individuals or entities may need gifts and prizes reporting. This includes businesses, nonprofit organizations, government agencies, and individuals who engage in activities or events involving the distribution of gifts and prizes. Reporting is necessary to ensure transparency, compliance with tax regulations, and accountability for the distribution of valuable items.

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