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Re:TikTok profits from livestreams of families begging by flutas on Thursday October 13, 2022 @01:04PM (#33193720)
> The IRS have a completely different point of view.

Oh, I fully agree and I would bet a majority of them know that as well, they just have figured out a way to use some weasel words to act like it's not a payment to the general public.

Re:TikTok profits from livestreams of families begging by drawingthesun on Thursday October 13, 2022 @02:19PM (#33194548)
It's because there is no exchange, if I give you a birthday gift can that be considered income? Obviously not as I am not asking for something in return.

However:

If I buy you a gift and we agree for the gift you do task x for me. Now that is income and the value of the gift must be considered income on your tax return.

Disney isn't saying "here is a room for free if you do x, y , z"

Disney is saying "here is a room for free" and that is the end of it.

Of course the obvious issue for Disney is that the influencer might never do the review of the park and never in a million years could Disney take them to court complaining services were not rendered.

You cannot give a gift with expectation of return.

So it's not income.

But it's limited because the one giving you the gift really has to trust that you'll do the thing you do.

I am surprised Disney would bother to be honest. I thought their theme parks were popular enough already.

Re:TikTok profits from livestreams of families begging by hooverd on Thursday October 13, 2022 @06:19PM (#33197203)
Why does Coke pay for advertising?
Re:TikTok profits from livestreams of families begging by tough on Thursday October 13, 2022 @06:32PM (#33197343)
> I am surprised Disney would bother to be honest. I thought their theme parks were popular enough already.

They want to keep being popular ;). Same as the coke comment above me

Re:TikTok profits from livestreams of families begging by kixiQu on Thursday October 13, 2022 @07:04PM (#33197621)
> It's because there is no exchange, if I give you a birthday gift can that be considered income? Obviously not as I am not asking for something in return.

> However:

> If I buy you a gift and we agree for the gift you do task x for me. Now that is income and the value of the gift must be considered income on your tax return.

Caveat donor! The hand of the taxman extends somewhat further than laid out here.

https://www.irs.gov/businesses/small-businesses-self-employe... :)

Re:TikTok profits from livestreams of families begging by Symbiote on Saturday October 15, 2022 @03:04AM (#33212494)
In Denmark, gifts beyond a certain amount are taxable.

The USA has similar rules.

https://skat.dk/taxrates

https://www.irs.gov/businesses/small-businesses-self-employe...