ILLMAS Posted March 31, 2009 Report Posted March 31, 2009 If a politician gets married and receives gifts from his employees, is this considered (presents & cash) additional income? If so, how would it be reported? Quote
zeke Posted March 31, 2009 Report Posted March 31, 2009 If a politician gets married and receives gifts from his employees, is this considered (presents & cash) additional income? If so, how would it be reported? I can think of only two occasions that this would be reported. 1. The gift is more than $600, and a form 1099 is rec'd. 2. The politician is in line for an appointment to the cabinet! z Quote
GLJEANNE Posted April 1, 2009 Report Posted April 1, 2009 We have a strict Gift Law for the pols in our state - no more than $10 per year from any one person. Sheesh, you can barely even bake them anything for $10, much less buy something!! And forget taking them out to eat - even the ones that are friends or family don't like to have us pay, since they always have to worry about appearences. PITA. None the less, I wouldn't question wedding gifts, since the Gift Law has no bearing on tax law. And the fact that the gift came from an employee wouldn't matter under any tax law I can think of. Now if it came from an employer, and was extravagant, that might be a different case. Quote
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