Paying someone's bills can be considered a gift, depending on the circumstances and intent behind the payment.
Yes, paying someone else's bills can be considered a gift, as it involves providing financial assistance without expecting anything in return.
The giver is responsible for paying the gift tax.
The giver is responsible for paying gift tax, not the receiver.
In most cases, the receiver does not have to pay gift tax on the gift they received. The responsibility for paying gift tax typically falls on the person giving the gift.
No you cant :( the fine print says you cannot use it to pay utility bills or for travel which kinda sucks
Yes, paying someone else's bills can be considered a gift, as it involves providing financial assistance without expecting anything in return.
The giver is responsible for paying the gift tax.
If there's a court order you are paying on, but without a court order, anything you give her can be considered a gift. see links below
The giver is responsible for paying gift tax, not the receiver.
No. It's encouraged to open the gift in front of the giver, and then expressing appreciation afterwards.
Because the person paying it pays the gift tax.
In most cases, the receiver does not have to pay gift tax on the gift they received. The responsibility for paying gift tax typically falls on the person giving the gift.
Why is marriage considred a gift
from the paying pal
You can get an infinite amount. Gifts are not considered income and you do not pay any tax. Each person GIVING you a gift is limited to $15,000 per year (in 2012), but there is no limit to how many people can give you gifts in any year.
Maybe Ask Him For Money For "Bills" Or For You To Buy A Gift!
No you cant :( the fine print says you cannot use it to pay utility bills or for travel which kinda sucks