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.
Remember that asset gifts are not limited to children. Generally you can also give adults up to $14,000 a year (as many as you like); and it can be in cash, investments, or property. Be sure to consult a qualified tax attorney for details.Keep in mind, however, that the IRS considers the value of the gift as the fair market value of the property at the time of transfer.emember that asset gifts are not limited to children. Generally you can also give adults up to $14,000 a year (as many as you like); and it can be in cash, investments, or property. Be sure to consult a qualified tax attorney for details.