Wealthy person seeking a family or individual in need of money.
Then if you answered the ad you had to mention why you needed it what you were going to use it for and etc. I know it was a tax right-off for the rich. Do they still do this?
2007-10-19 10:26:04 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Yes Virginia, there is a Santa Claus.
2007-10-19 10:29:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sounds like a scam to me. Nobody gets a tax writeoff for giving you money, not even the rich. In fact, that would be a gift and they would probalby owe gift taxes on the gifts that they gave if they gave anyone more than $12,000 in any one year.
Actually, what you are thinking about was a TV series back in the late 1950s or early 1060s, called The Millionaire.
2007-10-19 10:52:46 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I remember quite a few years ago there was a wealthy man who would give money to individuals and families. However, it is not a tax write-off -- you can deduct charitable contributions, but the payments/donations must be to a charitable organization properly registered with the IRS.
2007-10-19 10:35:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It would not be a tax write off for them. Giving money to a needy person is not a valid charitable contribution.
2007-10-19 10:36:21 · answer #4 · answered by Mark S 5 · 1⤊ 0⤋
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2016-12-29 18:42:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋