In U.S. tax law there is a distinction between gifts and windfalls. A windfall — historically referring to fruit or trees blown down by the wind which then become public property — now refers to any sudden, unearned gain such finding money on the … Continue reading
Tag Archives: difference between gift and windfall
In U.S. tax law there is a distinction between gifts and windfalls. A windfall–which historically referred to fruit or trees blown down by the wind–now refers to any sudden, unearned gain such finding money on the street or buried treasure. A … Continue reading