Questions about a settlement (1 Viewer)

FullMonte

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but you can take the amount of that settlement up to 60k and gift it to your spouse and the IRS can't touch it. See, the IRS allows you a one-time-only gift to your spouse. It's good up to sixty thousand dollars. It's perfectly legal. Go ask the IRS, they'll say the same thing.

Actually, I feel silly telling you all this. I'm sure you would have investigated the matter yourself.

But if you want to ask any further questions, here's my card:


I'm fairly certain that wouldn't affect the income tax due on the funds...should there be any income tax due.
 

Oye

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I'm fairly certain that wouldn't affect the income tax due on the funds...should there be any income tax due.
Shawshank Redemption is a great movie. And the novella is a quick and entertaining read.
 

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