<prompt> Human: My donor is giving 45,000 and theyre adamant about not sharing their records with anyone they are that wealthy so it wont go through the gift process. I do not blame them and out of gratitude to them I will not poke the bear. I really need the money to make the whole financial picture to come together. I want to do my best to declare the money as non-income so that I dont get taxed too muchat all.rpersonalfinance, is the IRS going to come after me? What steps should I take in advance, short of upsetting my donor and making them regret offering to give me the money in the first place, to minimize the income tax hit from this non-salary gain? Is it possible to declare it as a gift in pursuit of a first time home purchase as a primary residence with the IRS in advance that I wont have to pay any taxes on it at all?Help me rpersonal finance, youre my only hope  <response>: If the IRS comes after you, you tell them the truth: this money was a gift from insert name here.The recipient doesnt owe taxes on gifts- the donor is the person who needs to declare them against their lifetime exemption of 5 million or so, and pay tax if theyve already used up the lifetime exemption.You have nothing to worry about. 