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Business & farm
I don't know why everyone is calling this illegal and not giving you the correct answer.
The IRS allows a business to gift someone up to $19,000 per calendar year without tax implications, as of 2025. After the amount exceeds $19,000 you would fill out a 709 form and send it to the IRS when you file your regular taxes. This is NOT illegal, and you do not have to be an employee of the business to receive the gift.
For more information on the gift tax, you can go directly to the IRS website at Frequently asked questions on gift taxes | Internal Revenue Service
Remember though it's always best to consult an accountant. You should be able to find one to give you a free consultation.
4 weeks ago