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ndrosenNo good deed goes unpunished.
I scrupulously filled out a form and paid gift tax on the money I gave my sister in 2024 to help pay for my niece’s tuition; I enclosed a check, which showed up the next month (May) as debited from my account. Yesterday, a letter arrived from the IRS, saying that I owed the money, and have to pay it, with a few more dollars in interest and penalty.
A telephone number is given, so I plan to call today, and see if the matter can be straightened out.
I scrupulously filled out a form and paid gift tax on the money I gave my sister in 2024 to help pay for my niece’s tuition; I enclosed a check, which showed up the next month (May) as debited from my account. Yesterday, a letter arrived from the IRS, saying that I owed the money, and have to pay it, with a few more dollars in interest and penalty.
A telephone number is given, so I plan to call today, and see if the matter can be straightened out.
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Date: 2025-06-13 04:05 pm (UTC)Good luck. My sister had set up some kid of account to fund education for the niblings in the US. Don't know what it's called, but you should look into it.