Birdwatch Archive

Birdwatch Note

2023-05-05 20:55:39 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The IRS makes it clear that reporting and paying gift taxes is the responsibility of the donor (person making the gift), not the recipient of the gift. https://www.irs.gov/pub/irs-news/at-01-31.pdf https://www.irs.gov/faqs/interest-dividends-other-types-of-income/gifts-inheritances/gifts-inheritances-1 Tuition payments are exempted from gift taxes by federal law - 26 USC § 2503(e)(2)(A) https://www.law.cornell.edu/uscode/text/26/2503

Written by 9736DF42171A999208E640D9616E3AF1D2219C9694E38F806D374F891F58485E
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• noteId - 1654590705803702274
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• noteAuthorParticipantId - 9736DF42171A999208E640D9616E3AF1D2219C9694E38F806D374F891F58485E Participant Details
• createdAtMillis - 1683320139730
• tweetId - 1654114545865216000
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• harmful -
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• misleadingOther - 0
• misleadingFactualError - 1
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• summary
• The IRS makes it clear that reporting and paying gift taxes is the responsibility of the donor (person making the gift), not the recipient of the gift. https://www.irs.gov/pub/irs-news/at-01-31.pdf https://www.irs.gov/faqs/interest-dividends-other-types-of-income/gifts-inheritances/gifts-inheritances-1 Tuition payments are exempted from gift taxes by federal law - 26 USC § 2503(e)(2)(A) https://www.law.cornell.edu/uscode/text/26/2503