When we got any gift money from family, it went into the pot. 

Here are some of the features that may address some of your concerns.Flat three minutes or less. we accept cash, all major credit and debit cards and Zips gift cards. 

Any one of them could force a revocation of your mortgage approval.Ignore these rules at your own peril.Don't buy a new car or trade-up to a bigger leaseDon't quit your job to change industries or start a new companyDon't switch from a salaried job to a heavily-commissioned jobDon't transfer large sums of money between bank accountsDon't forget to pay your bills -- even the ones in disputeDon't open new credit cards -- even if you're getting 20% offDon't accept a cash gift without filing the proper "gift" paperworkDon't make random, undocumented deposits into your bank account"

Not income tax.High level - you do not pay gift tax on transferring (gifting) assets to your spouse.

You have a gift.

My mother would like to gift her $850K house (100% owned; no loan) to my wife & me.

Basically I wanted to know what books and quotes had had the greatest effect on his life to this point and here was his response on 10/8/12:“Alright, Andy, here you go.BooksThe Greatest Salesman in the World by Og MandidoI've read this one twice and it deeply impacted my thinking about success and the basic principles of success; takes 10 months to read as instructedThe 21 Irrefutable Laws of Leadership by John MaxwellI've read this one at least 3 or 4 times; phenomenal leadership teacher; I've read probably a dozen of his books Rich Dad, Poor Dad by Robert KiyosakiDeeply influenced my ideas about money, investments, and business; I've read 4 or 5 of his books and highly recommend playing his Cash Flow Game to beginning investorsThe Richest Man in Babylon by George ClasonA huge influence on my ideas about money managementThe 7 Habits of Highly Effective People by Stephen CoveyPhenomenal book about success in lifeThe Four Hour Work Week by Tim FerrisThis book is insane; a book about the balance of what wealth and lifestyle really means; this is a paradigm changerThe Millionaire Mind by Thomas StanleyExcellent research based book on what a millionaire really looks like; about consumerism and money managementHow To Win Friends and Influence People by Dale CarnegieFoundational book about people skillsThe E-Myth by Michael GerberAn excellent book about business systemsSkill With People by Les GiblinA very short and very practical book about people skillsThe Traveler's Gift by Andy AndrewsA great fiction book about success principlesThink and Grow Rich by Napoleon HillFoundational book about wealth mentalityA couple of biographies that I remember off the top of my head:Sam Walton, Made in America by Sam WaltonTrump, The Art of the Deal by Donald TrumpAnd some biographies that I don't remember the title but their general stories had profound effects on my thinking: Andrew Carnegie, Martin Luther King Jr, Teddy Roosevelt, and Mohandas Gandhi.Quotes - I've referenced ones that I've come back to over and over throughout my life."

So, (I dug up my old estimate for the job) - $1300 retail price for new cabinets, -20% (bought on sale), -20% (I bought gift-cards for 80% of face value off craigslist to pay for the cabinets)-$300, selling the old cabinets...

Well the way the IRS puts it it on their web page: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Gift-Tax, and I understand it:"The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.

I've written about wholesaling before, but these guys are just a gift that keeps on giving...lol@Brandon Turner how about a podcast on the subject - call it "The Wholesaling Satire Hour"...not bad, ha?