IRS Gifting Laws Revealed
Gifting is legal, under $12,000.00 even if you received separate gifts from separate people, as long as each one is under $12,000.00 and supported with a gifting statement, and a non solicitation form. The I.R.S. tax code allows it keep informed on any changes so you conform to current gifting rules within the codeEven though it is called a code it is not a secret, just not talked about a lot, I guess they don't want too much revenue staying out there!!!Filed Under Earned Income Tax Credit | Comments Off
Tagged With Earned Income, Earned Income Tax, Earned Income Tax Credit, EITC
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