Yucca Mountain nuclear waste repository. The Yucca Mountain Nuclear Waste Repository, as designated by the Nuclear Waste Policy Act amendments of 1987, is to be a deep geological repository storage facility for spent nuclear fuel and other high level radioactive waste in the United States.
In any given year, you can give up to $13,000 per child, without incurring any kind of reporting requirement, and without any gift tax liability. If you are married, you and your spouse can each give this amount, or $26,000 total. You can give more than this amount, but if you do, you must file an IRS Form 709.
In addition to the exemptions above, you can give away small gifts of up to 250 to as many people as you like in one tax year. However, some points to remember include: You cannot make a gift of more than 250, and claim exemption on the first 250 - larger gifts are treated differently.