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re: Best Approach to Accepting Large Cash Gift? What should I do with it?
Posted on 2/8/16 at 7:22 pm to OMapologist
Posted on 2/8/16 at 7:22 pm to OMapologist
quote:you about to get e raped But thank you for actually being in the profession and having a real clue
Rare is the scenario where a donee will be forced to pay taxes on a gift because said taxes weren't received from the donor. In the case of complicit or non-complicit tax evasion, yeah they are going to go after the donee, but 99/100 the donee won't pay a dime of tax unless it was stipulated to do so in a contractual agreement when receiving the gift.
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