@Opus 17 wrote:
@tagteam
Good to know. Don’t accept large gifts from tax cheats.
The gift does not have to be large and the donor's failure to pay could be entirely inadvertent and unintentional.
Liability is joint and several meaning if the donor gives one individual $20 million and gives you $1,000 in the same tax year, the IRS could decide to pursue you for any unpaid gift tax by the donor (up to the $1,000 you received).
