How can I met new people, I am very lonely?
How can I purchase a home by paying delinquent taxes?
How do I claim money that was gifted to me when filing my taxes?
I just found out I'm pregnant, and I have a head cold.... good or bad?
If I am retired do I pay state income tax?
Should I be concerned if I found diapers in my teenage sons room?
What can I put on tanned lips to help treat them?
No, if you have already received the gift, you would not have to pay a tax. You only pay duty on things you paid for online
No. Recipients of gifts owe no gift tax. Non-cash gifts are never taxed. Givers of cash are taxed only if their gift exceeds $11,000 per year per person.
If the gift is worth less than 10,000 dollars, neither of you have to pay a gift tax. If it is worth more than 10K, he will pay the taxes.
It depends on the size of the gift. If the gift is for a small amount ( less than $ 10,000 ) then you do not have to report the gift as taxable income.
Security code is wrong! Please try again!