- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Posted on 2/8/16 at 2:15 pm to lsupride87
quote:
quote:
If the donor doesn't pay the taxes, then the IRS will be coming after the donee.
You want to keep making up stuff?
Actually, that can happen. It's called transferee liability.
Posted on 2/8/16 at 2:16 pm to lsupride87
quote:
Unpaid Taxes
If the person who gives you a gift doesn’t pay the taxes that are due on it, the IRS can attempt to collect the taxes from you. The IRS has a wide range of collection actions, which can include eventually placing a tax lien against you, although this usually happens only after it has contacted you and tried to find another solution. Tax liens are to be avoided as they can appear on your credit report and damage your ability to borrow money.
LINK
Don't feel like looking it up in the code. But it be in dere.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)