Resources Gift Card Tax Forms The Internal Revenue Service (IRS) considers gift cards to be cash equivalents. University employees and students who receive gift card prizes are required to report the gift card amounts using the following forms.Non-student University employees must report the amount to Payroll Services using the Taxable Benefit/Expense Reimbursement Reporting Form. Student must report the gift card amount to Student Finance using the Cash Equivalents and non-cash awards form. Was this page helpful? Yes No How could this page be better? If you have a technology question, contact Technology Help. If you have feedback about this webpage, please share it below. Leave this field blank
