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re: Best Approach to Accepting Large Cash Gift? What should I do with it?
Posted on 2/8/16 at 2:11 pm to TheOcean
Posted on 2/8/16 at 2:11 pm to TheOcean
quote:Nice crawfish
So the donee is never forced to pay the tax? How much would you like to wager?
The donor is the responsible party 100%. They can make arrangements for the donee to take the tax though yes. But 100% the code is clear, the tax is on the donor. You failed. Admit it like a man
1
Posted on 2/8/16 at 2:12 pm to lsupride87
You're still wrong. If the donor doesn't pay the taxes, then the IRS will be coming after the donee.
eta: I will now bow out of the pissing contest in which I was correct
eta: I will now bow out of the pissing contest in which I was correct
This post was edited on 2/8/16 at 2:13 pm
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