Updated for Tax Year 2014. OVERVIEW. If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.pdated for Tax Year 2014. OVERVIEW. If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.
Confidence votes 25.5K. The average life of a cow is up to 20 years if they are kept in good conditions and has a proper diet. On occasion up to 25 years. Normal would be about 15 years. My wife works on a dairy farm they have at least one cow of 15 years of age that is producing milk, She is milked twice daily.he average life of a cow is up to 20 years if they are kept in good conditions and has a proper diet.
How old can a cow live up to be? Beef cattle usually will live up to about 15 years, however, when used for meat purposes they will live to about 1-2 years old. Dairy producing cattle will live for about 7-10â¦ years depending on the longevity of the animal. Dairy bulls will live for about 14-15 years. Veal calves will live until they are about 2-5 months old.