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What else can I help you with?
Who pays tax on 20000 gift to another person?
Gift tax, when applicable, is paid by the one giving the gift,
Is it appropriate to give a gift to a person for Valentine day if he is not your boyfriend?
it depends on the person your giving it to
What taxes do you pay if giving a car as a gift in NC?
You don't pay the taxes, the person receiving the car as a gift does.
What is the superstitions on giving a knife for a gift?
It is believed that by giving a knife as a gift the relationship between the giver and recipient may be severed. To prevent this, the recipient should give the person who gave them the knife payment in return. Sometimes a penny or other coin will be presented along with the knife and returned back to the person giving the gift.
Is a gift card for a baptism in bad taste?
I am not sure, since i dont know the person you are giving it to, but the average person would much rather accept a gift basket or gift for the child.
What do you call a person giving a speech?
Speaker
Does the receiver have to pay gift tax on the gift they received?
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.
When giving a car as a gift what taxes does the person receiving the gift have to pay in Arkansas?
If it is valued at under $11,000 then you dont have to. If it is more than that - either say it is valued under $11,000 or you will have to pay tax - but it is not the person that receives it that pays the tax it is the person giving it away.
Would a spice grinder make a good gift?
Depends on the person you are giving this gift to. Does that person like cooking, eating, baking? Then yes, this would be the perfect gift. If the person is someone with no interest in cooking or baking then I would say no.
Is it OK to give a gift in a Macy's box?
It depends if it is a gift from Macy's or not but as long as the person you are giving it to than it doesn't matter. It is OK to give a gift in a Macy's box.
Can I buy leather desk accessories is gift sets for a home office?
Yes, you can. You can use anything for a gift as long as it is relevant to what the person who you are giving the gift to would want.
What is the difference between a precious gift and a valuable gift?
A precious gift is a gift that means a lot to the person who has received the gift. To call something a precious gift means that you care very much about the gift. A valuable gift however, is a gift that is worth a lot, as in expensive. To call a gift a valuable gift is to say that the gift was expensive.
