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December 31, 2007
Waitress Gets $50,000 & Car (But No Income) From Dead Customer
Michael Vinson (Golden Gate) passes along another great real-life illustration for teaching the income tax exclusion for gifts and bequests: Man Leaves $50,000, Car to Waitress (AP):
For nearly seven years Melina Salazar did her best to put on a smile and tend to the every need of her most loyal and cantankerous customer. She made sure his food was as hot as he wanted, even if it meant he burned his mouth. And she smiled through his demands and curses. The 89-year-old Walter "Buck" Swords obviously appreciated it, leaving the waitress $50,000 and a 2000 Buick when he died.
December 31, 2007 in News, Teaching | Permalink
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» TIP YOUR WAITRESS from Roth & Company, P.C.
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Tracked on Dec 31, 2007 9:11:23 AM
