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Beginners Board
Receiving Cattle as a Gift
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<blockquote data-quote="1982vett" data-source="post: 704921" data-attributes="member: 7795"><p>I'll add another though to my post. Do your homework and get<strong> your part </strong>of the deal correct. If the giftor gets his tax liability wrong so be it. Just be sure you get yours right and <strong>you</strong> will not have a problem with the IRS.</p><p></p><p>Another little thing that needs to be made clear. Is this truely a gift or is it a form of payment or barter exchange?</p></blockquote><p></p>
[QUOTE="1982vett, post: 704921, member: 7795"] I'll add another though to my post. Do your homework and get[b] your part [/b]of the deal correct. If the giftor gets his tax liability wrong so be it. Just be sure you get yours right and [b]you[/b] will not have a problem with the IRS. Another little thing that needs to be made clear. Is this truely a gift or is it a form of payment or barter exchange? [/QUOTE]
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Receiving Cattle as a Gift
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