Getting Around Tax Implcations From $50k Gift?

[David Seale]

I've tapped into a family member for funding. It's my understanding that anything over $15,000 is taxable. Since 50>15, how can my donor avoid being taxed on this "gift".

[Ashish Acharya]

Originally posted by @David Seale:

I've tapped into a family member for funding. It's my understanding that anything over $15,000 is taxable. Since 50>15, how can my donor avoid being taxed on this "gift".

Your understanding is not correct. 

If there is a gift, it’s the donor responsibility to file for the gift tax. Not you. 

You don’t have any tax implications. 

Also, are you it’s not a loan?