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.
by FreeAdvice staff. The IRS allows for monetary gifts of between $1.00 and $14,000.00 to be given to anyone without taxation. This $14,000 maximum gift can be given to anyone, including parents, children or those who you aren't related at all, and no tax liability will be incurred.y FreeAdvice staff. The IRS allows for monetary gifts of between $1.00 and $14,000.00 to be given to anyone without taxation. This $14,000 maximum gift can be given to anyone, including parents, children or those who you aren't related at all, and no tax liability will be incurred.