Step 3 - Prepare the sugar (or other sweetener) solution. Mangoes must be packed in a solution of water and sugar or fruit juice. It's up to you which to use. Sugar is added to improve flavor, help stabilize color, and retain the shape of the fruit.
In 2015, you can make an unlimited number of $14,000 gifts of cash or other property, completely tax-free. To ensure these tax savings, you need to remember only that no individual recipient can receive more than $14,000 in a calendar year.
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.13,000 given by your father to you in one year is not taxable and does not have to be reported to the IRS. If he gives you more than $13,000 in a year, that âmoreâ is reportable (by your dad) on Form 709. Reportable is not the same as taxable.