StinkyJournalism.org: The Unspoken Peril for “Citizen Journalists” Surprise! You Owe the IRS Some Gift Tax! Is the “donation” of a citizen’s content (video, articles, commentaries, images) to for-profit media outlets that exceeds a fair market value of $12,000 in any single year subject to gift tax? Judging from the IRS guidelines, the answer is “yes.” […]
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