Printer Friendly
The Free Dictionary
988,261,476 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Questions about gift amounts

    0.09 sec.
Ask a Lawyer
Ask a Lawyer

Question

Country: United States of America State: California I am curious about a benefactor-type relationship (i.e. sugar daddy) and whether or not it is considered a job that I need to pay taxes with. I do not see it as a job, but as a relationship in which I am someone's friend and companion and receive $3,000.00 a month as an allowance. Is this a job? Would I be doing something illegally if I was apart of such an arrangement? Or is this a relationship (as I view it) where I am just receiving an allowance as some girlfriends or even daughters receive?

Answer

You often can only be gifted 10,000 dollars per year--after that it is income normally…

?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
Legal browser? ? Full browser
 
 
Legal Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.