Posted by JMS/.MN on June 09, 2010 at 21:22:29 from (209.237.107.155):
In Reply to: Paying taxes posted by flying belgian on June 09, 2010 at 20:57:10:
CRS says some years ago you could "gift" anyone up to $13000 without any tax obligation on their part. Beyond that, a recipient could receive more, but the tax liability would be on the estate of the gifter, not the giftee. I remember asking my tax CPA about that- no wonder people who inherited home money did so well- they could inherit as much as possible without paying taxes on it. Granted, they had no tax basis in the property for when they sold it. BTW, I think I"m older than you, but still adoptable!!!
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Today's Featured Article - Identifying Tractor Smells - by Curtis Von Fange. We are continuing our series on learning to talk the language of our tractor. Since we can’t actually talk to our tractors, though some of the older sect of farmers might disagree, we use our five physical senses to observe and construe what our iron age friends are trying to tell us. We have already talked about some of the colors the unit might leave as clues to its well-being. Now we are going to use our noses to diagnose particular smells. ELECTRICAL SMELLS
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