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A grumpy restaurant regular left a big tip, even though he wasn't ever going to return for a meal:
For nearly seven years Melina Salazar did her best to put on a smile and tend to the every need of her most loyal and cantankerous customer. She made sure his food was as hot as he wanted, even if it meant he burned his mouth. And she smiled through his demands and curses. The 89-year-old Walter "Buck" Swords obviously appreciated it, leaving the waitress $50,000 and a 2000 Buick when he died.
As a bonus, she'll get the money tax free, as bequests aren't subject to income tax. Still, it's not wise to assure your waitress that you'll tip her over your dead body.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to