Question: Gilbert got married this year. Because he couldnt afford a wedding reception, his employer gave him the $5,000 he needed to pay for it. Identify

Gilbert got married this year. Because he couldn’t afford a wedding reception, his employer gave him the $5,000 he needed to pay for it.

Identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of each issue that you identify.

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