If the money is not exchanged for any good or service they likely would take the position that the money is a bona fide gift and not subject to standard income tax. How successful that position is, I am not aware because I am not well versed in tax law nor can I give advice.
If the money is not exchanged for any good or service they likely would take the position that the money is a bona fide gift and not subject to standard income tax. How successful that position is, I am not aware because I am not well versed in tax law nor can I give advice.
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