I am sure a lot of you have questions and I
hope to answer them here.
Are you for
real?
Yes, I am. I have provided as much information as I can
with links to my college's fee policy.
Do you have a job?
No.
Why don't you have a
job?
Three Reasons:
1. Living in Las Vegas and getting a
job in the hotel/casino/restaurant management area are very difficult unless you
have a degree or you know someone (Although yes, if someone here is a manager at
a casino/hotel and has a job, in management!, great!) Getting any type of job in
Las Vegas without some kind of degree isn't likely.
2. If I got a job I would receive
even less financial aid.
3. I could not go to college full
time and hold down a job with 2 boys and a husband who is disabled.
Why don't you take
out a student loan?
I need to attend college for approximately 1 year with
the fee intact (After a year they could consider me a resident and not charge me
those fees). After I take out what financial aid has paid I would still owe
about $1,500.00. Taking out a loan will only put me into debt before I
even start college, if I could get a loan at all, since I would still be getting
financial aid. Also, the money would be coming from your pockets...from taxes
the government has gotten from the American people.
Is this tax
deductible?
No, it is not. It is considered a gift to help in my
attending college. I am not a non profit organization or a charity, just a
struggling mom trying to better herself and her family.
How do we know you
are really using the money towards college?
I am an honest person, with honest values. I have a
family that I want to take care of by getting a college degree and getting a
good job. We have very limited income and are on food stamps. I couldn't
even get my own domain name because I don't have the money to do so.
Are you going to
report any of the money you receive to the IRS?
No...Here is the email I wrote to them and
the response:
Your Question Was:
If one or more persons gives me $1,500 towards my education (tuition, books and
transportation) as a gift will I owe taxes on the gift? (based on individual tax
laws)
The Answer To Your Question Is:
Dear customer;
The following information which is referenced in IRS Publication
950,,Introduction to Estate and Gift Taxes should answer your question. Please
read on...
The general rule is that any gift is a taxable gift. However, there are many
exceptions to the rule. Generally the following gifts are not taxable gifts.
-Gifts that are not more than the annual exclusion for the calendar year.
-Tuition or medical expenses you pay for someone (the educational and medical
exclusions).
-Gifts to your spouse.
-Gifts to a political organization for its use.
-Gifts to charities.
A separate annual exclusion applies to each person to whom you make a gift. For
2002 the annual exclusion is $11,000. Therefore, you generally can give up to
$11,000. to any number of people and none of the gifts will be taxable.
If you are married, both you and your spouse can separately give up to $11,000.
each to any number of people in 2002 and none of the gifts will be taxable.
EMPLOYEE ID: 04-04140 Mrs. Haggerty
Tel.:(800)829-1040 msg#: 1261986
You say you live in Las Vegas, How do I know you don't
gamble the money away?
This is a difficult question because a lot of people assume that if
you live in Las Vegas, you gamble. Honestly, I have gambled three times in my
life and I came to Las Vegas to get an education and be a manager of some type
in a Hotel/Casino. I want to be able to make money, not gamble it away.
