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IRS Confirms the Limit of Money You Can Give to an Undeclared Relative
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If you're thinking of passing money to a family member—for the entrance of an apartment, to pay a master's degree or simply to give a hand—the IRS has a clear criterion: every donation must be declared, yes or yes. But from the 10,000 euros the surveillance is intensified because the banks are obliged to report automatically. Let's get to the point so that you don't get a scare. What does the law say bluntly? Fiscal regulations distinguish betwe…
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