Rhonda Roland Shearer and Danielle Elliot investigate at StinkyJournalism.org.
Is the "donation" of a citizen's content (video, articles, commentaries, images) to for-profit media outlets that exceeds a fair market value of $12,000 in any single year subject to gift tax? Judging from the IRS guidelines, the answer is "yes."Find the whole deal here.
Rhonda directs New York's Art Science Research Laboratory, a non-profit she co-founded with her husband, the late Stephen Jay Gould.