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  2. How to buy a car from a private seller - AOL

    www.aol.com/finance/buy-car-private-seller...

    Bill of sale: The bill of sale is the receipt for the transaction. It should include the vehicle’s make, model and year, the VIN number, the sale price and the name and contact information of ...

  3. Bill of sale - Wikipedia

    en.wikipedia.org/wiki/Bill_of_sale

    The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.

  4. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."

  5. Gift tax - Wikipedia

    en.wikipedia.org/wiki/Gift_tax

    In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another. [1] A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must be gratuitous or the receiving party must pay a lesser amount than the item's full value to be ...

  6. 'This is a gift': The IRS is waiving $1 billion in penalties ...

    www.aol.com/finance/gift-irs-waiving-1-billion...

    Millions of Americans who owe back taxes to Uncle Sam are being given what amounts to a “get out of jail free” card by the Internal Revenue Service (IRS).. The federal tax agency announced on ...

  7. IRS Increases Gift and Estate Tax Exempt Limits - AOL

    www.aol.com/finance/irs-increases-gift-estate...

    By using the IRS Form 709, you would report the gift and deduct $3,000 from your lifetime exemption of $12.92 million for this year. If you were planning on such a gift in 2024, you would subtract ...

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