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).
efile is Faster. When you efile, you will receive your tax refund in half the time it would have taken with a paper return. If you sign up for direct deposit (which we encourage), you could receive your refund money in as few as 8 days after the IRS accepts your efile return.file is Faster. When you efile, you will receive your tax refund in half the time it would have taken with a paper return. If you sign up for direct deposit (which we encourage), you could receive your refund money in as few as 8 days after the IRS accepts your efile return.