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 - Show Coverage: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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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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