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FRONT PAGE  |  7/25/2017
SUNDAY, NOV 22, 2009  |  1 comments
Obama, The Nobel Prize And The IRS
What are the tax implications of getting a gift or prize, and what are the tax consequences of regifting it? It turns out that the answers are different for gifts and prizes.

When you receive a gift, there's no taxable income to you, no matter how large the gift. You can also regift that gift, without worrying about the Internal Revenue Service--so long as its value is $13,000 or less. That's because under something known as the annual gift exclusion, anyone can give anyone up to $13,000 a year in money or property without worrying about gift taxes.

In contrast to most gifts, prizes and awards are taxable. This was not always so. Prior to 1986, many prizes were tax-free, generally hinging on whether the person awarded the prize had to perform services to receive it. As long as no significant services were a predicate to getting the award, there was generally no tax. ...


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News Item11/23/09 2:32 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
I wonder if the United States government is a qualified charity?

Philippians 3
14 I press on toward the goal for the prize of the upward call of God in Christ Jesus.
15 Let us therefore, as many as are perfect, have this attitude; and if in anything you have a different attitude, God will reveal that also to you;

2 Timothy 2
5 And also if anyone competes as an athlete, he does not win the prize unless he competes according to the rules.
...
10 For this reason I endure all things for the sake of those who are chosen, that they also may obtain the salvation which is in Christ Jesus and with it eternal glory.
11 It is a trustworthy statement: For if we died with Him, we shall also live with Him;---NASB

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The Rise of the Nons: Protestants Keep Ditching Denominations
rodney k. from tennessee: " kenneth i have followed jesus christ the lord for a..."
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rcwilly from la: "11 comments and no mention of george orwell's 1984. maybe it..."
-38 min 12 
Forget original sin, says Steve Chalke: 'We are made...
ms: "'my soul! i beg you to pray for the men of god who are preaching a christ who..."
-53 min 19 


Bill Parker
Christ's Disciples Indeed Pt 2

Christ's Disciples Indeed
Sunday Service
Eager Avenue Grace Church
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Hourly: Darkside of the Internet I
Dr. Rand Hummel
Bob Jones University
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Event: Aug 24-26, 2017
The Beauty and Glory of the Reformation

2017 Puritan Reformed Conference
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Puritan Reformed Theological

Sermon:
Eaten By Worms
Bruce David Bell

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Gratitude to God makes even a temporal blessing a taste of Heaven. ... William Romaine

Gospel of John
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