Can I buy a house under my name with my parents money without paying tax?

nileeeeeee asked: I live in Virginia and I wanted to know if I could take my moms 300k (whatever amount) and buy a house under my name. I have heard you will be taxed like 30%…. that there is no such thing as free money. How can i get around this tax issue and is [...]


I just started selling stuff on ebay. How do I work out the tax issue ?

teamsoulglo asked: I sell from california. I just recently posted some stuff on ebay. Would I charge sales tax?


can I buy a house and deed it to my daughter without any tax issues?

alan p asked: If I buy a house, can I put the deed in my daughter’s name or is their a tax issue with that? Is it considered a gift and therefore taxable about $10,000? Or is there some way around that?


why do single people with no kids get screwed at tax time?

mark o asked: dont people choose to get married and have kids why should i be penalized for choosing not to have kids. what i really want to know is what is the reasoning behind this obviously unfair tax issue and dont people with kids feel guilty for robbing the single population?