John Edwards allegedly has been funneling $15,000 a month in hush money/child support to his mistress Rielle Hunter. Has he paid a gift tax and avoided money laundering pitfalls?  The mother of his love child reportedly received the funds through an intermediary named Andrew Young, who claims to be the child's father in behalf of his friend Edwards. Nearly everyone (but people who rely solely on the MSM for news) knows this courtesy of the National Enquirer,AT editor Thomas Lifson raised the question of tax liabilities for these transactions, and the possibility of money laundering regulations coming into play with these transfers.From the IRS Gift Tax FAQ web page: Who pays the gift tax?The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.What is considered a gift?Any transfer to an individual, either...(Read Full Post)