Offer your thoughts or opinion on the input financial query or topic using your financial background.

My boss wants to buy me a gift. How do I account for taxes for this?
The way I have seen this done in the past is the business will withhold taxes on the amount of the gift.  Very much like receiving a bonus.  There are probably other ways to do it where taxes are avoided like you boss could buy the gift for you personally.  Not sure about all the legal ways to avoid taxes on this.