Please Direct Your Payment and Support H ...

Please Direct Your Payment and Support Here

Mar 12, 2024

Dear Interested Readers and Podcast Listeners;

Please Direct Your Payment and Support Here.

Please state clearly if it is a Gift; Tip; Or Payment for the Product or Service.

There are several interesting ways of enjoying James Poeartistry. Poetry, Podcasts and Outrageous Commentary/writings, and Spiritual concepts based on the Holy Bible.

For educational & commentary purposes please place this in your Description: Perceptive Readers Podcast, Copyright 2010 – 2024 All Rights Reserved. Attribution to Product of Culture Author and Creator and Owner James Lynch James Poeartistry Productions

United States of America Taxes and Gifts - IRS

Special Consideration* How much money can you receive as a gift without reporting?

Don’t fear the gift tax: Understanding gift tax exclusions and rules for 2024

How do I deposit a large cash gift?

A: Under federal law, large cash gifts are allowed, but be aware of IRS gift tax rules. Banks will report cash deposits over $10,000, so it's wise to notify your bank before making a large deposit. Ensure you have documentation regarding the origin of the gift to address any future inquiries

What gifts are reported to the IRS?

“Eight Things You Should Know About Reporting Gifts To The IRS” - Hale Ball Murphy

Non-Taxable Gifts — The general rule is that any gift is a taxable gift. However, there are many exceptions.

The following gifts are not taxable by the IRS:

Gifts that do not exceed the annual exclusion for the calendar year (currently $15,000),

Tuition or medical expenses you pay directly to a medical or educational institution for someone,Gifts to your spouse,

Gifts to a political organization for its use, and

Gifts to charities.

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