Targeting, Lost Emails, Delayed IRS Refunds, Now Taxing Christmas
The IRS probably isn’t on anyone’s Christmas list this year, though the agency is doing the best it can with what Congress has doled out. Still, like putting up with your relatives, what can you do?
We know it is better to give than to receive, but whether you are giving or receiving, it can be truly maddening to see the government taking a piece.
Surprisingly, when gifts change hands, there is often either income tax or gift tax. The latter can seem especially unfair and comes up in surprising ways. Yes, even at Christmas. The IRS can tax your Christmas gifts. The issue comes up mostly in a family context where gifts might exceed $14,000