Endodontic therapy, also known as a root canal, is recommended if the pulp in a tooth dies from infection by decay-causing bacteria or from trauma. During a root canal, the pulp of the tooth, including the nerve and vascular tissues, is removed along with decayed portions of the tooth.
Generally, gifts aren't taxable to the recipient, but compensation is. Transfers for past services are compensation income; transfers because of admiration, affection or charity are gifts.
You will not pay any federal gift tax as the first $14,000 qualifies for the annual gift tax exclusion and the excess amount of $6,000, while a taxable gift, will be offset by your lifetime exclusion of $5,430,000.f your calendar year gift to any individual exceeds the value of $14,000, you will be required to file a federal gift tax return. You will not be subject to gift tax, however, unless your total lifetime taxable gifts exceeds $5,430,000 for 2015.