The blocked caller goes to voicemail. And you can see a list of blocked calls by tapping the Voicemail option in the Phone app. For better protection get a Google Voice number. Blocked callers to a GV number get SIT tones that indicate that the number is not in service.he blocked caller goes to voicemail. And you can see a list of blocked calls by tapping the Voicemail option in the Phone app. For better protection get a Google Voice number. Blocked callers to a GV number get SIT tones that indicate that the number is not in service.
What happens if you exceed those limits? If you do, the gift would go toward reducing your lifetime gift exclusion of $5.34 million, which the IRS raised for 2014 from $5.25 million this year. Once a personâs lifetime exclusion is exceeded, a gift tax of up to 40 percent will apply to you or your heirs.
Gift tax doesn't apply to little things like holiday presents and birthday gifts. In IRS terms, it applies to the $26,000 a couple can give away in one year without tax consequences. For singles, the cap is $13,000.If you give more than that amount, the excess gets subtracted from a lifetime unified credit of $5.12 million. Future gifts in excess of your cap are subject to gift tax.If you've never used your unified credit, you can give up to the cap, plus $5.12 million to a single recipient before triggering the gift tax.or singles, the cap is $13,000. If you give more than that amount, the excess gets subtracted from a lifetime unified credit of $5.12 million. Future gifts in excess of your cap are subject to gift tax.