Updated for Tax Year 2014. OVERVIEW. If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.pdated for Tax Year 2014. OVERVIEW. If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.
Confidence votes 25.5K. The average life of a cow is up to 20 years if they are kept in good conditions and has a proper diet. On occasion up to 25 years. Normal would be about 15 years. My wife works on a dairy farm they have at least one cow of 15 years of age that is producing milk, She is milked twice daily.he average life of a cow is up to 20 years if they are kept in good conditions and has a proper diet.
If she goes for longer than that she gets culled. In her lifetime, well that depends on how long she lives. Heifers become cows when they c â¦ alve at around 24 to 30 months of age (depending on the breed), and the average cow lives to 15 to 20 years of age, so that mean a cow will have 13 to 18 calves in her lifetime.f she goes for longer than that she gets culled. In her lifetime, well that depends on how long she lives. Heifers become cows when they c â¦ alve at around 24 to 30 months of age (depending on the breed), and the average cow lives to 15 to 20 years of age, so that mean a cow will have 13 to 18 calves in her lifetime.