Your client, Hank Goedert, earned $100,000 of salary and received $40,000 of dividends in the current year. His itemized deductions total $37,000. In addition, Hank received $47,000 from a relative who was his former employer. You have researched whether the $47,000 should be classified as a gift or compensation and are confident that substantial authority exists for classifying the receipt as a gift. What tax compliance issues should you consider in deciding whether to include or exclude the amount in Hank’s gross income?