When the 2006 Academy Award gift bags weighed in at more than $100,000 apiece with no single gift being worth any less than $500, the IRS issued a statement wishing the Oscar nominees luck and reminding them to include their $25,000 four-night Hawaiian vacations and $7,000-worth of Victoria's Secret undies on their income tax returns.
If they choose to keep the gifts, that is. Charitable donations are usually tax-deductible. The IRS couldn't be reached for comment, but it was reported earlier this year that the governemnt agency stood to collect almost $1.2 million from Oscar bags alone.

¶ - nitish @ 3:24 PM