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re: Best Approach to Accepting Large Cash Gift? What should I do with it?

Posted on 2/8/16 at 2:14 pm to
Posted by Green Grass Miracle
Colorado
Member since Jan 2015
119 posts
Posted on 2/8/16 at 2:14 pm to
quote:

You're still wrong. If the donor doesn't pay the taxes, then the IRS will be coming after the donee.


???? That does not jive with this:

quote:

The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.


So where are you getting your info from?
Posted by lsupride87
Member since Dec 2007
99614 posts
Posted on 2/8/16 at 2:15 pm to
quote:

???? That does not jive with this:
He is wrong

quote:

So where are you getting your info from?
Take a sharp left turn at His arse avenue
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