safiyyahrahman2792 safiyyahrahman2792
  • 29-01-2020
  • Social Studies
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A gift received from a financial institution for opening a bank account is not taxable income to the recipient. True False

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nyanrainbowuni07
nyanrainbowuni07 nyanrainbowuni07
  • 29-01-2020

Answer: False

Explanation:

the fair market value of gifts or services a taxpayer receives for opening a bank account is taxable income.

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shogofelix
shogofelix shogofelix
  • 29-01-2020

Answer: False

Explanation:

It a taxable income

Answer Link

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