Sam gave his friend Joe $15,000 for his tuition at Old Ivy, sending the money directly to the school. Must a gift tax return be filed?

a. Yes, because this is a gift
b. No, because this gift has an exemption
c. Yes, so that the exemption can be claimed
d. No, because this is not considered a gift

Answer: d. No, because this is not considered a gift

Business

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