Except as otherwise provided in this section or in section 117 , gross income includes amounts received as prizes and awards.
The IRS defines a gift as"any transfer to an individual, either directly or indirectly, where full consideration is not received in return" based on the gift tax provisions found in the Tax Code beginning at. In the business, we like to say that gifts are given not for anything in return but out of"love, affection, respect or admiration."
Awesome! Helping out others move up in the real world! 🌎
Hey! Still don’t care!
If someone has to pay off your loans it means your degree isn't worth anything.
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Billionaire Robert F. Smith pledges to pay off Morehouse College Class of 2019′s student loansThe surprise announcement left the graduates crying and jumping for joy. This is wonderful. We need more of such gestures from more of such men and women What's next? Free loans for everyone? Stopfreeschoolnow Iran is the world's largest terrorist country with drugs and terrorist training facilities We hope that American newspapers will present the crimes of the regime of Iran and the Revolutionary Guards in Iraq through their terrorist militias
Source: washingtonpost - 🏆 95. / 72 Read more »
What to know about Robert F. Smith, the man paying off Morehouse grads' student loansThe 56-year-old billionaire investor is the richest black person in the United States. We need to know nothing. He is going to heaven for sure. He put his money where his mouth is unlike some other people. Historically Black College, bla bla bla bla bla,,,,,,
Source: CNN - 🏆 4. / 95 Read more »
Billionaire during commencement address: I'll pay off all your student debtRobert E. Smith addresses the graduates. Billionaire investor Robert E. Smith earned some stunned looks on Sunday during his commencement address at Morehouse College. Bernie King, daughter of Martin Luther King Jr., applauded the move and noted her father attended the Atlanta college. Sounds racist That was a very kind gesture, he will continue to prosper because of his generosity.... What a wonderful gesture! Isn’t that how it’s suppose to work? When you have the means give voluntarily. It would be great if more people would emulate him
Source: YahooNews - 🏆 380. / 59 Read more »
Philanthropist pledges $40 million to clear Morehouse grads' student debtThe Vista Equity Partners founder on Sunday pledged to pay off loans for 396 new graduates of the historically black college. True billionaire doing true billionaire things Wow. Now that is cool beans Wow!!!!!!
Source: NBCNews - 🏆 10. / 86 Read more »
A Billionaire Said He'll Pay All Of The Morehouse College Class Of 2019's Student DebtBillionaire Robert F. Smith Said He'll Pay All Student Debt Of Morehouse College Class Of 2019 Robert.... you are a WONDERFUL man. 🙌🏼🙌🏼
Source: BuzzFeed - 🏆 730. / 51 Read more »
Philanthropist pledges millions to clear Morehouse grads' student debtThe Vista Equity Partners founder told 396 new alum of the historically black college that he'll payoff their school loans — an estimated debt of $40 million. White privilege? 💝🥇🤟🏼 NBCNews Tough to decide to work/save or accumulate college debt; never know who will pay it off, a billionaire or Elizabeth Warren
Source: NBCNews - 🏆 10. / 86 Read more »
Atlanta college graduation speaker pledges to pay off students' debtBillionaire investor Robert Smith surprised graduating students at Morehouse Col... 👏🏼👏🏼👏🏼 there must be a more intelligent way to offer the best possible education. and who will subsidize the salaries of the best teachers? after all, the popular ' if you can't do, you teach' is wrong.
Source: Reuters - 🏆 2. / 97 Read more »
Billionaire pledges to pay off Morehouse students’ debtBillionaire investor Robert Smith surprised graduating students at Morehouse Col... What a timely gesture! So inspiring ! People can do good !!! Thankful
Source: Reuters - 🏆 2. / 97 Read more »
Morehouse College grads are surprised by a billionaire's promise to pay off their student loansMorehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off their student loan debt GOD....You have never created any Religion, Country or Race but at one of your planet People are fighting & Killing each other based on their own Creation of Differentiation. Please listen asap. Amazing
Source: CNN - 🏆 4. / 95 Read more »
A Gift to Morehouse Class of 2019: Your Student Loans Are GoneThe keynote speaker for Morehouse College’s commencement ceremony on Sunday caused elation when he made a stunning announcement: The billionaire would pay off the college debt of every graduate in the class. Wow, that’s an honorable gesture. That’s what a winner looks like. LoserTrump
Source: WSJ - 🏆 98. / 63 Read more »