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To: blueplum

15,000 annual gift free of taxes how much was the rent?


11 posted on 08/09/2021 10:16:56 PM PDT by rolling_stone
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To: rolling_stone

how many friend girlfriends, relatives are subject to this??? how many politicians have “kept” friends and not reported it?

this is reaching imo what about charities?


13 posted on 08/09/2021 10:19:30 PM PDT by rolling_stone
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To: rolling_stone

$1


32 posted on 08/10/2021 3:46:50 AM PDT by outpostinmass2 (Y)
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To: rolling_stone

An employer may only provide tax free “gifts” only under certain circumstances.

https://www.irs.gov/government-entities/federal-state-local-governments/de-minimis-fringe-benefits

The employer/employee relationship does not apply to the gift tax exclusion, the gift tax is BTW levied on the giver not the recipient.

https://www.cpa-wfy.com/giving-gifts-to-employees-irs-wants-its-share/


36 posted on 08/10/2021 6:49:02 AM PDT by MD Expat in PA (No. I am not a doctor nor have I ever played one on TV. The MD in my screen name stands for Maryland)
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