Best Answer: 1. The receiver of the gift does not pay any tax. So you can receive gift of any amount without filing gift tax return. 2. If your parents are U.S. citizen or resident, then they can each give a gift of $12,000 in a year to any number of persons without any gift tax.So both parents can give you $24,000 in a year.3. If your parents are foreign person, then they can send you any amount.lso, that person will not have to pay income tax on the value of the gift or inheritance received: Basically your parents can each give you a gift tax free gift of $12,000. I would figure that when you receive the money just file it as a gift when you fill out your normal income taxes.
TEXAS DOT NUMBER. Weâll make getting your Texas DOT Number, also known as a Texas DMV Number, simple, just give us a call at (866) 736-6507 and weâll customize a game plan for you to help ensure you are getting exactly what you need to operate legally in Texas.
February 2014 The 2014-15 Texas State Budget: Assessing the Numbers 400 West 15 th Street, Suite 400, Austin, TX 78701 * Phone 512-472-8838 * Fax 512-472-2636 Rags turned to riches for the 83 rd Legislature. Two years earlier lawmakers had faced the biggest potential deficit in the stateâs history.id formulas were rewritten for the 2012-13 Budget to reduce the demands on state aid by $4 billion, but in the 2014-15 Budget excess money allowed lawmakers to restore $3.2 billion of the previous cuts.