In 2015, a taxpayer can give up to $14,000 per person per year without being taxed on the gift. For example, this year you could give Friend A $14,000, Friend B $14,000, and your sister $14,000 and not be taxed on your gifts.lso, another way for parents to avoid the gift tax is to remember that each parent is entitled to their own individual $14,000 exclusion. This means that your mother and father could each give you $14,000 this year â for a total of $28,000 â without being taxed on that gift.
The IRS erroneous refund revival theory would allow the IRS to administratively collect all $2,000 of the erroneous refund to Alex, $4,000 of the $7,000 erroneous refund to Blair, and $4,000 from Cody (the $2,000 erroneous refund and the $2,000 unpaid on the original assessment).
Save. The length of time it takes the Internal Revenue Service to process a return, send a refund or apply a payment depends on several conditions, including the filing and refund delivery methods. The IRS, according to statistics on its website, processed more than 145 million individual returns in 2013.racking systems update every 24 hours. You also may call the IRS Refund Hotline at 800-829-1954 for automated information 24 hours a day. Check the status of an e-filed tax return within 24 hours of the filing.