Want this question answered?
A parent can give a child a monetary gift from their company account. However, they will have to account for this as a business expense in their books. It can become confusing when it is time to figure profit and loss as well as taxes.
Any monetary gift is based upon what you think is right and what your budget can afford.
No, the one that gives it is
45 percent
it means a gift of money from one person to another.
In order to give a monetary gift to your child, you will want to do so in bond form. This way, the child does not use the money until it has incurred interest in the bank.
A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.
anyone can accept a tax free monetary gift if it is under 10,000 above that and you have to pay taxes on the gift. this is usually done when older relatives want to help out young nieces and nephews etc.
Yes they can give a gift to another charity but I do not believe they can deduct the gift on their taxes.
nothing
Whatever amount you can afford to give.
Most of the time, yes, especially if the gift card can be used to buy in a lot of merchants, like a Visa or a mastercard gift card.