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Articles tagged with: gift

United States »

[28 Feb 2009 | 2 Comments | ]

My mom gave me a car to go to college today. I still have a label in thirty days, but before its expiration. When I bought my first car I had to pay taxes on it when I am hard tag, but my boyfriend told me that this time I will not have to pay taxes because the car was a gift. I tried to search online, but it is legal to talk and I can not understand fully. Then, because my mom gave me the car I do not have to pay taxes. Who pays taxes, my mom? If so when do you have to pay because we have paid for the car, but nobody paid any taxes yet. Online said that there is something in their taxes to be submitted. Does this mean that taxes on the car will not be until the tax due?

United States »

[6 Feb 2009 | 10 Comments | ]

My mother gave to each of my children $10000. The fiscal legislation of the kiddie she affects this?