I thought the Democrats were only siccing the IRS on the rich?

[Bare-ya-cuda]

I’m more interested in staying out of trouble with the IRS so I tend to know the rules.

But go on and call it a gift.

You shouldn’t have any issues staying out of trouble with the IRS being unemployed and all.

 

[PeoplesElbow]

One is income the other isn’t. See? That’s not very hard, now is it?

So if I buy a stripper a set of implants is that a gift or income?

 

[HemiHauler]

So if I buy a stripper a set of implants is that a gift or income?

I’d call it a poor life decision.

 

[vraiblonde]

The clues are all around you.
Maybe try finding out what the IRS defines as a gift and a gratuity? Webster doesn't collect your taxes...

The IRS says it's a discretionary payment to an employee by a customer.

That wasn't hard, and yet I had to answer back my own argument because everyone else was all, "Well if you don't know I'm not going to tell you! AND you're an idiot!!"

Sometimes I just like to play with you people.

 

[vraiblonde]

So if I buy a stripper a set of implants is that a gift or income?

Did you put it on your card?

 

[WingsOfGold]

Resort fees, say MGM advertised $50/night, when you book the room there is a $20/night resort fee. They told me it was for the wifi and other amenities, their wifi sucked so bad I couldn't use it to check into my flight. It's pretty common at big tourist destinations.

They waive it......... if you piss enough away.

 

[PeoplesElbow]

I’d call it a poor life decision.

Way cheaper than either a wedding or a divorce.

 

[PeoplesElbow]

Did you put it on your card?

Na, I just went to the PO and took someones check and used that.

 

[glhs837]

So if I buy a stripper a set of implants is that a gift or income?

If you are her "manager" its capital investment in a depreciating asset.

 

[OccamsRazor]

That wasn't hard, and yet I had to answer back my own argument because everyone else was all, "Well if you don't know I'm not going to tell you! AND you're an idiot!!"

Sometimes I just like to play with you people.

 

[vraiblonde]

Are you insinuating I'm an idiot for questioning the government's tax schemes?

Okay.

 

[Clem72]

From the Google...

"Is Tipping the same as gifting?


Tips are considered wages. That makes the federal income tax implications very simple: income to Knutson of $12,000. Gifts, however, have very different tax implications. For federal income tax purposes, gifts are not taxable to the recipient."

So essentially, by tipping, you are supplementing the business owner's wages to the employee.

You are missing a big part of this equation. The giver is responsible for the taxes when giving cash. So yes, the server won't owe any taxes on that $20 gift, but technically speaking you do.

 

[Clem72]

So if I buy a stripper a set of implants is that a gift or income?

If you buy it, it's a gift. If she buys it, it's a tax deductible work expense.

 

[Grumpy]