Birdwatch Archive

Birdwatch Note Rating

2023-05-06 19:35:04 UTC - NOT_HELPFUL

Rated by Participant: 0F0998CE7A5AFA2D7F6A8A761D4868F25D10F16BEE26C8EBCD9DC8FFD6AE33A3
Participant Details

Original Note:

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 completely exempted from gift taxes by federal law - 26 USC ยง 2503(e) https://www.law.cornell.edu/uscode/text/26/2503

All Note Details

Original Tweet

All Information

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