Rachael H asked:


With my loan the bank wants 3% for the downpayment. Can you have that money gifted to you from a family member?

Thanks =)

gavertec

MrsMaltz asked:


I won 1500 on the radio and received the prize money in gift cards from Toys R Us. I had to fill out a W-9 for the radio station. How do I handle this during tax time?

xlpack

bbswit asked:


We are planning a party for our daughter’s 1st birthday. We are fortunate to live around a lot of family, so there will be a large group of extended family there. While we want our family to share in this occasion, we would rather people not give gifts or money — and don’t want people to feel obligated to bring one. What is the most polite way to include this with our invitation? We’d like to include an insert that says something to the effect of “please, no gifts” or something similar. If gifts were received, we’d likely donate them to a children’s hospital or charity that could truly use them. We really appreciate your help! Thank you.

karenalter

Eileen B asked:


I would like to give my mail carrier a gift of money for xmas, what amount is good?

anitadiazt

schweetums asked:


The couple has said they don’t want gifts, just money to save for their honeymoon. They are friends of my daughter. What is a good amount?

marcelocielo_98

vedahardy1 asked:


How much can I claim on gifts given to our children for a deduction on our tax return?

janniaraquel

Aditya G asked:


Hello
My parents have offered to pay for my last 2 years of colleges and are planning to send me $2,000 a month living expenses. I know you can receive only $10,000 as gift money in a year but how do other foreign students manage because their parents are overseas and send them money for living expenses and college fees?

Does it matter to the IRS if my parents send me the money in a lump sum (40,000 at one time) or (2,000 a month)

jgberumen

Anandam asked:


I live in the US, California. My parents who live overseas want to give me some money as gift. Wondering how much I can receive without paying income tax. Also, when the money is transfered to my account do I need to fill out any form and submit to IRS?

keilafabi_74

Find-me-a-gift asked:


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Find-Me-A-Gift!



jmedina

k-mac asked:


I work at a CPA firm. Our biggest client is a chinese company, we would like to show them our appriciation by getting them a gift. Is a money tree a good gift? Or bonsai better? Is it a traditional gift for the chinese new year?

Any other suggestions?
Thanks!

ja_carranza