Puff, the Magic Dragon - Parodies. 1  In the mid 1970s an American Jewish band named Ruach created a parody version of the song entitled Puff the Kosher Dragon.
Pay tuition directly to the college. If you are considering making an outright cash gift, another option is to bypass your grandchild and pay the college directly. Under federal law, tuition payments made directly to a college aren't considered taxable gifts, no matter how large the payment.
The College reports 1098-T tax information to the IRS. Due to IRS regulations, you are required to provide a Tax Identification Number (TIN) to the College for 1098-T purposes. Community and Industry Education (CIE) tuition is not included on the Form 1098-T.