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Do I have to 1099 my customers for gifts I give them?

I believe that company gifts are tax deductible, but if I give a gift to a customer and declare the tax deduction, do I also have to 1099 the customer so that he has to declare the gift as income?

You also have an issue re: being able to deduct it.

Here is what the IRS says:

Gifts

Taxpayers may deduct some or all of the cost of gifts given in the course of their trade or business. In general, the deduction is limited to $25 for gifts given directly or indirectly to any one person during the tax year. More discussion of the rules and limitations can be found in Publication 463.

You can find Publication 463 on the IRS website:
www.irs.gov

Good luck.

I believe gifts below a certain level of value do not have to be reported as income to the recipient, but I don't know what that cutoff point is.

Why are you asking a US tax question on the UK board?

Since you talk about 1099's but on the UK board, where are you REALLY?

If you're in the US, no you wouldn't send them a 1099.

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