Anonymous
08/15/2025 12:37
Subject: Getting paid by parent
Ask them to pay you in cash. Done.
Anonymous
08/14/2025 19:55
Subject: Getting paid by parent
Call it a gift, stay under the annual, individual gift tax exclusion. Have your parent report the "gift" on their tax return. There's a spot for it.
Don't complicate it by calling it services--there are additional tax implications there for both you and your parents.
They are thanking you for being helpful with a "gift."
Don't complicate it by calling it services--there are additional tax implications there for both you and your parents.
They are thanking you for being helpful with a "gift."