3 ms·
Gift tax is already the responsibility of the donor, not the recipient (in the US tax code). The gift tax is essentially a form of estate tax. https://www.irs.
by sokoloff 3y ago
Gift tax is already the responsibility of the donor, not the recipient (in the US tax code). The gift tax is essentially a form of estate tax.
https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes https://www.irs.gov/businesses/small-businesses-self-employe...
If an employer makes a transfer to an employee specifically because they’re an employee (as opposed to gifting something to every customer, employee or not), that’s overwhelmingly likely to be treated as income (disallowed gift treatment), for fairly obvious reasons.
- AndrewKemendo 3y agoGreat, even easier