No, you do not have to report money you receive as a gift as income. While any gift may be taxable, the recipient of the gift does not have to pay the gift tax. And the person who gives you the gift only needs to file a gift tax return if it’s more than the $18,000 annual...
阅读理解Will this year's gift money from your parents and grandparents be the most that you've ever had? Unless you plan to save it all, you've got to think carefully about how to spend it wisely."Once, I wanted to swim. I spent 2,000 yuan and registered(报名) for a swimming cla...
【题目】Passage 2Do you want to make this year's gift money from your parents and grandparents be the most thatyou've ever had? If you can't save it all, you must think carefully about how to spend it wisely."Once, I wanted to swim. I spent 2,000 yuan and registered (报名) ...
Cash gift received from parents do not have any tax implications for childrenParizad Sirwalla
During the Spring Festival,people say “Happy New Year” to each other. And what makes children have fun is getting some gift money from their parents and grandparents. I am expecting your coming in celebration of such a joyful festival next year if possible. Best wishes! Yours, Li Hua...
Willthisyear'sgiftmoneyfromyourparentsandgrandparentsbethemostthatyou'veeverhad?Unlessyouplantosaveitall,you'vegottothinkcarefullyabouthowtospenditwisely."Once,Iwantedtoswim.Ispent2,000yuanandregistered(报名)foraswimmingclass,"said12-year-oldWangYuefromWuxiinJiangsuProvince."LaterIlostinterestinswimmingan...
If you really like it but can't decide now, ask your parents for help. Tell them what you will do with it. Listen to their ideas.Don't ever spend your savings without thinking carefully. If there's a first time, there will be a second and third. Your money will be gone before ...
B Will this year's gift money from your parents and grandparents be the most that you've ever had? Unless you plan to save it all, you have to think carefully about how to spend it wisely."Once, I wanted to swim. I spent 2, 000 yuan and registered (报名) for a swimming class,...
Will this year’s gift money from your parents and grandparents be the most that you’ve ever had? Unless you plan to save it all, you’ve got to think carefully about how to spend it wisely. “Once, I wanted to swim. I spent 2,000 yuan and registered (报名) for a swimming class...
【题目】Will ths year'sgift money from your parents and grandparents be the most that you've ever had? Yes?61"Once, I wanted to swim. I spent 2.000 yuan and decided to take a swimming class." said 12-year-old Wang Yuefrom Wuxiin Jiangsu Province. 62 I regretted the decision thatI...