Birdwatch Note Rating
2023-05-06 01:33:38 UTC - NOT_HELPFUL
Rated by Participant: A79560E43D8725FA4B32CC0CE1D9BC41B3E13319045BE9304B519D7CEEED3004
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 exempted from gift taxes by federal law - 26 USC ยง 2503(e)(2)(A) https://www.law.cornell.edu/uscode/text/26/2503
All Note Details