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Receiving Cattle as a Gift
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<blockquote data-quote="1982vett" data-source="post: 705370" data-attributes="member: 7795"><p>The skinney on the numbers.</p><p></p><p><a href="http://www.irs.gov/businesses/small/article/0,,id=164878,00.html" target="_blank">http://www.irs.gov/businesses/small/art ... 78,00.html</a></p><p></p><p><em>Exclusions</em></p><p><em></em></p><p><em>The annual exclusion for gifts is $11,000 (2004 - 2005), $12,000 (2006 - 2008), $13,000 (effective January 1, 2009 per IR 2008 -117).</em></p><p><em>The applicable exclusion amount is increased to $3,500,000 for estates effective for decedents dying on or after January 1, 2009 and remains at $1,000,000 for gifts.</em></p><p></p><p></p><p></p><p></p><p></p><p>Definition of skinny.</p><p></p><p><em>NounSingular</em></p><p><em>skinny</em></p><p><em> Plural</em></p><p><em>skinnies</em></p><p> <em></em></p><p><em></em></p><p><em>skinny (plural skinnies)</em></p><p><em></em></p><p><em></em></p><p><em>2. (colloquial) The details or facts; especially, those obtained by gossip or rumor.</em></p><p><a href="http://en.wiktionary.org/wiki/skinny" target="_blank">http://en.wiktionary.org/wiki/skinny</a></p></blockquote><p></p>
[QUOTE="1982vett, post: 705370, member: 7795"] The skinney on the numbers. [url=http://www.irs.gov/businesses/small/article/0,,id=164878,00.html]http://www.irs.gov/businesses/small/art ... 78,00.html[/url] [i]Exclusions The annual exclusion for gifts is $11,000 (2004 - 2005), $12,000 (2006 - 2008), $13,000 (effective January 1, 2009 per IR 2008 -117). The applicable exclusion amount is increased to $3,500,000 for estates effective for decedents dying on or after January 1, 2009 and remains at $1,000,000 for gifts.[/i] Definition of skinny. [i]NounSingular skinny Plural skinnies skinny (plural skinnies) 2. (colloquial) The details or facts; especially, those obtained by gossip or rumor.[/i] [url=http://en.wiktionary.org/wiki/skinny]http://en.wiktionary.org/wiki/skinny[/url] [/QUOTE]
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