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Thursday
Sep 09th
Home arrow Tax Tips arrow Investment Taxes arrow Tax implications of non-charity memorial fund
Tax implications of non-charity memorial fund E-mail
A friend just passed away & an account was set-up at the local bank to
assist with monetary contributions to the surviving family.
Close friends & family are encouraging each other to forego this
account due to tax worries... "She'll have to pay taxes on those
gifts... I'll just give her cash" sort of thing.
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  • Newsflash
    AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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