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).
Important: If the original return isnât already in TaxSlayerÂ®, you will need to create the return in. TaxSlayerÂ® by using a copy of their original return. Amended returns canât be electronically filed and. must be mailed to the IRS. Direct deposit/debit is not available for amended returns. A. Pull original tax return amounts to Form 1040X Original column. 1. Open the original return in TaxSlayerÂ®. 2. If the return was previously adjusted by the IRS, modify the original return to match the. changes the IRS made before opening Form 1040X.