A technical director typically is responsible for providing technical support for theatrical, media, or software companies. The director works with equipment that requires specialized training to operate, and is usually considered an expert in using and coordinating the use of this equipment. He or she supervises teams or crews â usually hired by the director â that are trained to perform technical functions.
If an adult child gives money to a parent to be used for living expenses, does the maximum tax-free gift rule apply? The IRS allows for monetary gifts of between $1.00 and $14,000.00 to be given to anyone without taxation. This $14,000 maximum gift can be given to anyone, including parents, children or those who you aren't related at all, and no tax liability will be incurred. However, the reason for the gifting has no relevance to the IRS, so long as the gift is given individually and not exceeding the maximum limit for that year. If your gift exceeds that maximum amount, tax may be assessed on it, even if the money is to your elderly parents for living expenses.
Not sure of the amount, but I think each giver can gift up to $10,000.00 a year to each recipient. So, if that is the case, in a single year, Mom could give you $10,000.00, Dad could give you $10,000.00, for a total of $20,000.00, with no tax liability.oogle Gift Tax for details. Your mom can give you up to $12,000/yr, and your dad can give you another $12,000. I would suggest not giving that much cash. And, there's a rule that whenever $10,000 cash changes hands, the IRS must be notified. Part of the War on Drugs laws.