To avoid paying taxes, my dad would like to gift money to my son and I from the sale of property?
Posted August 29th, 2008irolg asked: Is this possible? My father received $80k from the sale. I forgot to advise: We are in Texas. The property was a vacant lot.naromi30
How can a desperate 12 yr old make money?
Posted August 24th, 2008Bridget L asked: ok i dont really no anyone with little kids, im turning 13 in feburary but thats not b4 christmas obviously and i need gift money soi thought maybe i could put up adds in like fone books for baby sitting or sumthing. but i really need ur help on any other ways [...]
Do I have to file gift of money given by a family member as income?
Posted August 14th, 2008K.F. asked: I was given a large amount of money as a gift by my grandmother (approx $150,000). Do I need to declare this as “income” on my next income tax filing? Not sure if this matters, but this was NOT inheritance. Thank you for any serious answers!pocho
How much money do you give your cousin as a wedding gift?
Posted August 10th, 2008Moe asked: My husband and I are trying to decide how much money to give my cousin as a wedding gift? Money is kinda tight right now and we have 3 kids. 2 of the kids will be coming with us to the wedding. So it will be 4 of us. I have heard that [...]
Am I supposed to be doing something about taxes on my babysitting money?
Posted August 6th, 2008tomatoheadsinger asked: I’ve been babysitting quite a bit. Sometimes if I’m on an off month I’ll just make like $150 or so in the month, but I usually get about $300 a month on babysitting and two piano lessons that I teach per week. Oh, and also, do you have to pay taxes on gift [...]