someone gives you money in the amount of more than $10,000 as an investor for your company, what are the laws on paying taxes on that amount of money

Asked on June 1, 2009 under Business Law, Texas

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

If the money is an investment then you don't have to pay any taxes on it; you would just pay the taxes on any proceeds derived from the investment (ie profit from the business).  If it was a gift (up to $12,000), that would not be a taxable event either.


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