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What is the TAX LAW with Gift money?
Is there a limit to gift money? Who pays tax? The giver or the receiver? Or both?
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Posted on Thursday, December 13, 2007
posted by Questions @ 2:03 pm
1 Expert Comment: (Disclaimer)
The person who receives a gift of any amount does not pay any tax or file any gift tax return.
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At December 19, 2007 | 3:09 pm , lawyers Said...