Will I get taxed, or get into trouble with the IRS if I...?

• cash loan online
• high cost home loan
• web based accounting software
• social welfare programs
• viral friend generator

If my friend lend (give) me $30,000~$40,000 to buy a car or can gift me a car, would I get taxed or be in trouble with the IRS? Also, will he be taxed?


I'm under housing, MSI, and welfare. Thus, I must report everything.

Will I get taxed, or get into trouble with the IRS if I...?