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yes, all banks report any large transaction to the IRS, this will appear as money earned on your yearly income. No. Your mother would be making a taxable gift to each of you and your husband. She should file a gift tax return showing the gift. A portion of it would qualify as annual exclusion gifts. That portion that did not qualify as annual exclusion gifts would reduce the amount of her lifetime exemption from gift taxes.

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14y ago
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Q: If your mom transfurs her 80000 over in account for you and your husband will that mess us up on taxeswill there be taxes to pay on that account?
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