At least itâs one more Superbird thatâs back on the road. The resurrection took the Kohrâs three years. They usually turn out a championship-winning car in about a year and a half. Thatâs how bad this car really was. The âBird paid her dues as a daily driver for 135,000 miles. She now enjoys the life of a pampered cruiser and show car. Joe has covered about 2,000 miles a year since the âBird emerged from the Kohrâs shop in early May 2004. He tells us the car is a great cruiser and is educating many to what a Superbird is. On June 18, 2005, Joe took the âBird back to Lansdale for the annual âUnder The Lightsâ car show. He wanted to see if anyone might recognize it from her days on the streets of Lansdale.
To set your mind at ease, first determine if youâve given any one child more than the limit for a calendar year. You can give a child up to $14,000 in a year before you have to file a gift tax return (in 2012, this amount was $13,000).
The short answer to the question is as much as you like.. The IRS sets no cap on the total amount of money you can give your child each year. However, there are tax consequences for gifts over a certain amount, and the IRS imposes a lifetime $5.12 million gift tax exemption as well.he short answer to the question is as much as you like.. The IRS sets no cap on the total amount of money you can give your child each year. However, there are tax consequences for gifts over a certain amount, and the IRS imposes a lifetime $5.12 million gift tax exemption as well.