answersLogoWhite

0

Perhaps the amounts are all qualified gifts from one individual taxpayer to another individual taxpayer.

Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Does charitable donations have an effect on your taxes?

yes they do. you can deduct charitable donations from the taxes that you are required to pay.


How do taxes affect the income generated from buymeacoffee donations?

Taxes can reduce the income generated from BuyMeACoffee donations by requiring the donor to pay taxes on the donation amount, which can lower the overall amount received by the recipient.


Are donations to a business taxable?

Donations made to a business are generally not tax-deductible for the donor, and the business may need to pay taxes on the donations received. It is important to consult with a tax professional for specific guidance on the tax implications of donations to a business.


What is England's tax?

taxes that pay for govt services like your mom


Pay Mom's property taxes write off my tax return?

No.


Do taxes pay for police drug dog training?

Some training costs are paid out of Municipal and /or State funds. Other dogs are trained with funds from donations.


Does the church have to pay income taxes on tithes?

No- churches and other tax-exempt charities do not pay income tax on the donations they are given. Church employees have to pay income tax on their salaries and the church must collect with-holding tax on these salaries.


What does Disney do with its money?

Pay dividends to its stockholders, pay salaries to its employees, pay taxes to various governments, make charitable donations, and invest some of it in company projects ... pretty much the same thing as any other company, really.


Does the estate pay taxes?

Estates pay taxes on income and may have to pay inheritance taxes.


Do state police pay taxes?

Yes, they pay taxes. If you work you pay taxes no exceptions.


What does it mean to have a charitable number?

A charitable number is something that a charity can register for through the IRS. This means that the charity will not have to pay taxes and those who donate to charities can make their donations tax deductible.


What is his gross pay?

the pay before taxes net pay is after taxes