Posted on 02/04/2014 12:51:45 PM PST by bigbob
Edited on 02/04/2014 12:53:02 PM PST by Admin Moderator. [history]
Three waitresses at an Illinois restaurant say they could only stare in disbelief when a woman handed them each a $5,000 check over the weekend.
The owner of the Boone County Family Restaurant in Caledonia, Matt Nebiu, said business was slow Saturday when the customer handed checks to 25-year-old Amy Sabani, 23-year-old Sarah Seckinger and 28-year-old Amber Kariolich.
(Excerpt) Read more at news.msn.com ...
Anything to make that Two Broke Girls show go away!
LOL
It does, but the government hates competition. She will be tracked down and audited to make sure the IRS gets their fair share.
They won't get a dime: the gift tax exclusion for 2014 is $14,000 per person.
She won’t, but what about the waitresses...won’t they have to pay taxes on it?
Good to know. I’ll be she’s on a watch list now though! :-)
That's a gift. The recipients are not liable for any tax.
“That’s a gift. The recipients are not liable for any tax.”
True, if the IRS considers it a gift. But, tip income is generally taxable, and they may call this, that.
No doubt, they’ll need to get their ducks in a row, but a simple letter from the grantor should suffice.
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