The recipient of a gift has absolutely no tax obligation under IRS code. Gifts are not considered income. § 102.
Gift tax, when applicable, is paid by the one giving the gift,
C corporation.
When an association pays employees and files tax returns or sends W-2s or 1099s, a federal employer identification number is required.
Generally, the one giving a gift pays the gift tax. Not the recepient.Who pays the gift tax?The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement. What is considered a gift?Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return. What can be excluded from gifts?The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. # Gifts that are not more than the annual exclusion for the calendar year. # Tuition or medical expenses you pay for someone (the educational and medical exclusions). # Gifts to your spouse. # Gifts to a political organization for its use. In addition to this, gifts to qualifying charities are deductible from the value of the gift(s) made.
111.41
The receiver of the medical service; you.
Everybody.
Gift tax, when applicable, is paid by the one giving the gift,
The sender pays for text messages.
Because the person paying it pays the gift tax.
Anyone who pays federal taxes.
not u
Anyone who pays federal taxes.
Yes, you can send a package with the receiver paying for it by using a service like "collect on delivery" (COD) where the recipient pays for the package upon delivery.
The correct answer is Defense
The Army Reserve is entirely funded by the federal government.
Highways are paid for by a mix of federal, state, and local funds.