The IRS taxes gifts made over a certain dollar amount. A gift letter must contain the donor's name, the gift's value, confirmation that the gift is not to be repaid, and the donor's signature.Use a Texas Gift Deed to give real estate to another person or an entity. Gifting real estate among spouses or family members is fairly common. The gift tax is the responsibility of the eligible person receiving the motor vehicle. Form 4506T has multiple uses and special attention must be taken when completing the form for a gift tax inquiry. So no potential consequences of gift tax. "A gift letter describes who the person is, their relationship with the borrower, and how they will give the gift check, cash, or transfer. Wherefore, Applicant prays that the Court authorize and direct Marilyn Burgess,. Visit the Texas Department of Motor Vehicles or MyPlates websites to see a complete list of specialty plates that are available.