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re: Had an interesting conversation with a former SEC football player
Posted on 5/6/16 at 9:32 pm to Tigerfan56
Posted on 5/6/16 at 9:32 pm to Tigerfan56
quote:
The person receiving a gift is never liable for taxes on it. And only gifts given by an individual of $13,000 or more are taxable to the giver. So no, not illegal.
If you skimp on your taxes, and tell the IRS it was to take care of your mother, they still want their money. How dumb are some of you?
1
Posted on 5/7/16 at 10:48 am to dgnx6
quote:
If you skimp on your taxes, and tell the IRS it was to take care of your mother, they still want their money. How dumb are some of you?
Lol I love the rant. I'm a CPA. You don't have to report money given to you by a booster, unless you performed services for it. It's a gift. And you've all made it abundantly clear that it's a handout, which would be a gift. It's impossible for Tunsil to owe taxes on money he received as a gift.
"How dumb are some of you"
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