Birdwatch Note Rating
2023-05-06 02:31:20 UTC - NOT_HELPFUL
Rated by Participant: F309F13D6F7B2A422F9D307F71B872D0E25464621D2F070ECB0925A745DF893C
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