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General Discussion

(10,201 posts)

16. Not so.

Tue Aug 19, 2014, 05:29 PM

Aug 2014

First, according to the IRS, it is the donor who is responsible for reporting and paying the tax on any cash gifts.
Second, gifts up to $14,000 are excluded from that tax. Not $50.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes#3

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Highlight:

Time out for a nice story. My gf's new boss just handed her a thousand bucks. [View all] MindPilot Aug 2014 OP

That is wonderful! CaliforniaPeggy Aug 2014 #1

Yay! A great boss, nice to hear about for a change. redwitch Aug 2014 #2

At the very least we'll find out if her boss reads DU! n/t MindPilot Aug 2014 #5

Sweet! cyberswede Aug 2014 #4

K & R. truedelphi Aug 2014 #6

How ISNT this a "general discussion"? Glassunion Aug 2014 #14

Thanks, I needed a good one! 7962 Aug 2014 #21

It has all the necessary elements... MindPilot Aug 2014 #15

YES! That is so cool ! LittleGirl Aug 2014 #7

Awesome madokie Aug 2014 #9

Post removed Post removed Aug 2014 #10

Wonder if her boss was ever in her shoes rurallib Aug 2014 #11

Wow. That is nice. Helen Borg Aug 2014 #12

$1K cash Democracy 1st Aug 2014 #13

Not so. Glassunion Aug 2014 #16

I'm sure all the rules will be followed. MindPilot Aug 2014 #18

The F.U.D. never ends around her. But happy for your gf. freshwest Aug 2014 #26

that is downright amazing AtomicKitten Aug 2014 #17

Wonderful MissDeeds Aug 2014 #19

wow! what a wonderful gesture.. frylock Aug 2014 #20

Hi Frylock!! Joanie Baloney Aug 2014 #24

i'm doing well, thanks! frylock Aug 2014 #28

Good deal! Full employment for all DU'ers! MindPilot Aug 2014 #30

word up! frylock Aug 2014 #32

Thank you, MindPilot! Joanie Baloney Aug 2014 #22

Congratulations, Joanie! Heidi Aug 2014 #27

My friend works in a cabinet shop AgingAmerican Aug 2014 #25

That sounds like a very good place not to work. MindPilot Aug 2014 #31