Jan 15, 2019
3:52:59pm
3:52:59pm
Here is your unethical life pro tip for the day: Need to give/get a large some of money and don't want it to be taxed?
In the US, gifts over $15k are taxable, but personal injury settlements for expenses, pain, and suffering (including emotional distress) are non-taxable (punitive damages are taxable). So need to give a large sum of money? Have the person sue you for emotional distress and then settle out of court.
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- scootsy
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- Aug 5, 2013
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- Apr 25, 2024
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Here is your unethical life pro tip for the day: Need to give/get a large some of money and don't want it to be taxed?
1/15/19 3:52pm
1/15/19 3:55pm
1/15/19 3:58pm
1/15/19 4:08pm