Gift taxes and income rules for gifts and estates
Q and A on gifts and taxation explains that the value of property received as a gift is not taxable as income, but income generated by the gifted property, such as dividends from stock, is taxable. It covers gains and losses on sales of gifted items, basis calculations, and scenarios for farm implements and surviving spouses under tax rules.
MENTIONED IN THIS ARTICLE
William H. Fegley
Gr. Q
Fegley
William H. Fegley Jr
P.C. Certified Public Accountants
Plymouth Commons
Plymouth Meeting
All about washing machines
Consumer Reports reviews 13 models in a 15 city survey finding 10 equal in overall quality. Top loaders dominate but a front loader White Westinghouse LT570A uses about half the water and costs about a third to operate. Maytag A608 and Speed Queen HA6470 excel in hot water efficiency. Maytag A608 offers lower electricity use and higher initial cost due to phased-out line.
MENTIONED IN THIS ARTICLE
Consumer Reports
Westinghouse
Redecorating Start With the Wall Say Experts
In Traverse City Michigan decorating consultant Mary Ann Wills urges reversing the usual process. She says every room needs a focal point on the longest wall and suggests options like tall bookshelves, a large painting, or a grouped display with low shelves beneath. Wills advises using a focal point to arrange furniture. She consults for Burwood Products Co., maker of clocks and decorative accessories.
MENTIONED IN THIS ARTICLE
Traverse City
Mich
UPI
Mary Ann Wills
Ms. Wills
Burwood Products Co
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