If you give the money to her instead you and your Wife can each gift her $14,00 without becoming taxable to her, if that is not enough to cover the cost you can each give whatever leftover amount to her daughter, also with no tax consequence, the lady can then pay for the van, paint job and steam cleaner and expense the whole mess off against her taxable income in 2015, a double win. If you give her the whole smear outright you and your Wife can still give up to the maximum value of $14,00 each but it would have to be in her name, not a business name, still no tax to her but no deduction either.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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