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#7
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| Stuart Bronstein wrote: - quote - > Bruce Raskin CPA wrote:
Well, I still think for gift tax purposes it is a gift> > > This has been discussed back and forth but we have a twist > > > on the usual. The client's daughter signed the contracts for > > > the caterer, etc. The client is the one who paid. > > > > > So, the question remains. Is this a gift to the daughter & > > > son-in-law? And yes, the total paid in the years exceeds > > > $44,000. > > I don't think so. Usually, the parent pays for the wedding, > > unless they can get out of it. ![]() > > > I can't think of how it would be a gift. > The last time this came up someone proposed treating it as a > gift to all of the guests rather than to the couple > marrying. Seems reasonable to me. subject to reporting in view of the 11,000 times ever how many parties involved. Also since it is a gift, the girl has the money and has provided that to her own support for the year and therefore is not part of parents' support. ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
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| Stuart Bronstein wrote: - quote - > The last time this came up someone proposed treating it as a
It's considered support for determining who provided enough> gift to all of the guests rather than to the couple > marrying. Seems reasonable to me. support to claim the recipient as a dependent, if that helps. Phoebe ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
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| Bruce Raskin CPA wrote: - quote - > > This has been discussed back and forth but we have a twist
The last time this came up someone proposed treating it as a> > on the usual. The client's daughter signed the contracts for > > the caterer, etc. The client is the one who paid. > > > So, the question remains. Is this a gift to the daughter & > > son-in-law? And yes, the total paid in the years exceeds > > $44,000. > I don't think so. Usually, the parent pays for the wedding, > unless they can get out of it. ![]() > I can't think of how it would be a gift. gift to all of the guests rather than to the couple marrying. Seems reasonable to me. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| Bruce Raskin CPA wrote: - quote - > > This has been discussed back and forth but we have a twist
The last time this came up someone proposed treating it as a> > on the usual. The client's daughter signed the contracts for > > the caterer, etc. The client is the one who paid. > > > So, the question remains. Is this a gift to the daughter & > > son-in-law? And yes, the total paid in the years exceeds > > $44,000. > I don't think so. Usually, the parent pays for the wedding, > unless they can get out of it. ![]() > I can't think of how it would be a gift. gift to all of the guests rather than to the couple marrying. Seems reasonable to me. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| - quote - > This has been discussed back and forth but we have a twist
I don't think so. Usually, the parent pays for the wedding,> on the usual. The client's daughter signed the contracts for > the caterer, etc. The client is the one who paid. > So, the question remains. Is this a gift to the daughter & > son-in-law? And yes, the total paid in the years exceeds > $44,000. unless they can get out of it. ![]() I can't think of how it would be a gift. Bruce Raskin, CPA Small Business and Individual Tax and Accounting Services << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| Gary Goodman <XgaryXg7X[at]yahoo.com> wrote: - quote - > This has been discussed back and forth but we have a twist
Sounds like a gift to me. The daughter is responsible for> on the usual. The client's daughter signed the contracts for > the caterer, etc. The client is the one who paid. > So, the question remains. Is this a gift to the daughter & > son-in-law? And yes, the total paid in the years exceeds > $44,000. payment of the contracts, the client paid them on her behalf. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| "Gary Goodman" <XgaryXg7X[at]yahoo.com> wrote: - quote - > This has been discussed back and forth but we have a twist
When my daughter gets married my wife and I have decided to> on the usual. The client's daughter signed the contracts for > the caterer, etc. The client is the one who paid. > So, the question remains. Is this a gift to the daughter & > son-in-law? And yes, the total paid in the years exceeds > $44,000. classify the expenses as Cost of Goods Sold!!!!! Seriously, I wouldn't go anywhere near the gift tax issue on this, but I may be wrong. I'd just consider it a nondeductible party. Gene E. Utterback, EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Gary Goodman <XgaryXg7X[at]yahoo.com> writes: - quote - > This has been discussed back and forth but we have a twist
I say it's a party and the client is nuts to be paying that> on the usual. The client's daughter signed the contracts for > the caterer, etc. The client is the one who paid. > So, the question remains. Is this a gift to the daughter & > son-in-law? And yes, the total paid in the years exceeds > $44,000. much for a party, so give him a break, for God's sake. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| This has been discussed back and forth but we have a twist on the usual. The client's daughter signed the contracts for the caterer, etc. The client is the one who paid. So, the question remains. Is this a gift to the daughter & son-in-law? And yes, the total paid in the years exceeds $44,000. Gary -- You can probably X figure out X which letters to X delete to derive my email address X. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| question, twist, wedding |
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