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Yes. Cash and gifts are considered "income" and is taxable by the IRS.

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What law made illegal creditors to deny credit on the basis of marital status?

The Equal Credit Opportunity Act made it illegal for creditors to deny credit based on marital status. This law prohibits discrimination on the basis of marital status, among other factors, in the extension of credit.


The equal credit opportunity act of 1974 made it illegal to deny credit to someone because of what?

The Equal Credit Opportunity Act of 1974 made it illegal to deny credit to someone because of their race, color, religion, national origin, sex, marital status, age, or reliance on public assistance. This act aimed to prevent discrimination in access to credit and financial services.


Can a bar or nightclub legally deny entry based on your occupation?

In most cases, a bar or nightclub can legally deny entry based on occupation as long as it does not violate anti-discrimination laws. For example, they may deny entry to someone in a specific occupation if it is a policy related to safety or security concerns. However, denying entry based on certain protected characteristics, such as race or gender, would be illegal.


Is it legal to deny a person with a felony a job?

In the United States, it is legal for employers to deny a job to a person with a felony conviction, as long as the decision is based on a legitimate business reason. However, employers must consider the nature of the offense, its relevance to the job, and how much time has passed since the conviction before making a decision. Discriminating against someone solely based on their criminal record may be illegal in some jurisdictions.


Will homeowners policy cover deck built not to code illegal?

Homeowners insurance typically does not cover damage or liability resulting from illegal activities, such as building a deck that does not meet building code. If a claim arises due to an issue with an illegally built deck, the insurance company may deny coverage or cancel the policy. It's important to ensure that any modifications or additions to your property comply with local building codes to avoid issues with insurance coverage.