As a result, the entire history of the car is documented. For the next twelve years, the âBird sat. Joe partially disassembled the car to determine what it was going to need. the list became so long that parts were acquired as opportunity and funds allowed. Fortunately, most of the special Superbird parts could be reused.
As of the 2012 tax year, the exclusion amount is $13,000 for each person you make a gift to. If you're married, you can double that: you and your spouse are each entitled to give away $13,000 per person.
Not sure of the amount, but I think each giver can gift up to $10,000.00 a year to each recipient. So, if that is the case, in a single year, Mom could give you $10,000.00, Dad could give you $10,000.00, for a total of $20,000.00, with no tax liability.ell your dad to give you $12,000 this year and your spouse $8,000 this year. Or if you have kids they can give it to the kids... A person can give another person $12,000 without it being taxable.