Gianna Miceli explains how to gift silver to kids using the $5,000 annual gift tax exemption without a trustee, then walks through IRS identity-verification letters and how to respond. The show runs three times weekly with segments on taxes, money, and legal issues.
The remedy that we offer is you can take that same $5,000 per year, but you're not limited to $5,000 per year, and you can put silver for your child. Patty, have you done this for any of your grandchildren? I give them silver every year for Christmas. Right on, right on. Every year.
And you know, they're, well, what am I gonna do with this? Yeah, yeah, what am I gonna do with this? I'm like, you're just gonna hold it, you're gonna keep it in the safe spot. You're gonna see the value in it yet, but eventually they will.
Remember in the Bronx Tale, one day you're gonna understand when you're right. When you're older, you're gonna understand. There's no trustee, no custodian except your parents, right? You don't want to fill out a form. Anytime you fill out an IRS form, you know what it says on there?
I'm a taxpayer.
I'm the taxpayer. Because I was helping people with something today. We've had now 2 or 3 people— I think it's up to 3 people— some weirdness happened where the IRS will send you a letter, oh, somebody filed using your Social Security number. We had one gal that got the notice delivered to her parents' house where she hasn't lived for 30 years, and they want you to identify yourself using the ID.me, or you can do it through the phone, but— or you can fill out this form. So I looked at the form today, you know what the form says? Oh, I am the taxpayer. No, I'm not a taxpayer. I will never say that I'm a taxpayer. I'm a non-taxpayer because that does not apply to me. That— we're going to have Tax-Free Tuesdays, Money Mondays, Tax-Free Tuesdays, and Legal Fuckery Fridays. We're going to our show 3 times. Yeah.
