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To: proxy_user

Bottom line is that it is INCOME to her and she needs to declare that income on her taxes....


24 posted on 01/18/2006 1:15:11 PM PST by Ouderkirk (Funny how death and destruction seems to happen wherever Muslims gather...)
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To: Ouderkirk

Whether it is or is not income is an interesting question.

Is it payment for services, or a gift, or support of a dependent? Support of a dependent is not normally taxable. For example, you can give your child a place to live, a fancy education, and great food, costing hundreds of thousands of dollars a year, and there are no tax consequences.

Cash gifts are treated differently, but they are taxable to the giver, not the recipient.


26 posted on 01/18/2006 1:22:18 PM PST by proxy_user
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To: Ouderkirk

Actually, Cisneros was the one being investigated...on the face of it, he didn't have the income to spend the money he was spending. That's a red flag for the IRS.


29 posted on 01/19/2006 4:44:46 AM PST by gogeo
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