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View Full Version : Cash transfer out of taxable income to wife.what will be tax liability


mkvsail
Aug 16, 2010, 12:24 AM
Cash transfer out of taxable income. What will be income tax liability?

MukatA
Aug 16, 2010, 04:23 AM
Is this about U.S. taxes?
Transfer or gift of taxable income to anyone does not change your income tax liability that is taxable income remains taxable income.