Before you start handing out cash(!), be careful about the IRS and income tax laws. Up to something like $15,000 can be given to someone as a “gift” without being taxed, but the IRS’s precise limit and the circumstances around the donations means individual cases will vary. It would be a shame if a comrade got $50,000 in help and then ended up stuck with a $10,000 tax bill later.

http://www.ketv.com/article/irs-cancer-survivor-owes-19-000-in-taxes-from-donations/7652336

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