http://www.moneyunder30.com/financial-gifts-the-etiquette-of-giving-and-receiving-money Personal Finance for the Young and Ambitious Sat, 21 Nov 2009 04:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.moneyunder30.com/financial-gifts-the-etiquette-of-giving-and-receiving-money/comment-page-1#comment-1198 Jennifer Wed, 06 May 2009 02:00:11 +0000 http://www.moneyunder30.com/financial-gifts-the-etiquette-of-giving-and-receiving-money#comment-1198 I have a question: If a friend wants to give a financial gift to help someone reach a personal goal, and they want to set up a bank account to do so for that friend, how do they legally go about not having the receiving party have to pay taxes, etc. on it? I have a question: If a friend wants to give a financial gift to help someone reach a personal goal, and they want to set up a bank account to do so for that friend, how do they legally go about not having the receiving party have to pay taxes, etc. on it?

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