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| Subject:
Tax law, State Aid being denied becuase of family gift?
Category: Business and Money > Accounting Asked by: joepater-ga List Price: $5.00 |
Posted:
08 Feb 2006 12:47 PST
Expires: 10 Mar 2006 12:47 PST Question ID: 443251 |
the tax law will allow a 12,000 gift per year from one family member to another, correct? If that person (the person giving the gift) is applying for state aid in a medicare situation, can the state legally look at a recent gift as a reason for denial of state aid? state in question is IL - let me know if you need further clarrification. thanks! |
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| Subject:
Re: Tax law, State Aid being denied becuase of family gift?
From: daniel2d-ga on 10 Feb 2006 01:24 PST |
Federal tax law on gifts and your state's requirements to qualify for taxpayer funded care are independent of each other. |
| Subject:
Re: Tax law, State Aid being denied becuase of family gift?
From: joepater-ga on 10 Feb 2006 06:37 PST |
yeah that's what I thought. is there anywhere you can point me to online that will confirm this? specifically that legalgifts cannot be used against someone applying for state aid? thanks! |
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