Gifting Money or Property Can Have Serious Tax Consequences
Gift and inheritance taxes were created long ago to prevent an individual’s assets from being passed on to future generations free of tax.
Tax Smart Gifting
Frequently, taxpayers think that gifts of cash, securities or other assets they give to other individuals are tax deductible and, in turn, the gift recipient sometimes thinks income tax must be [...]
President Proposes Reinstating Lower Gift Limits
If you are fortunate enough financially to be able to make significant gifts to family members and others, you may want to pay attention to the changes in gift limits tax law being proposed by [...]
Are You Required To File A Gift Tax Return?
Frequently, taxpayers think that gifts of cash, securities, or other assets that they give to other individuals are tax-deductible and, in turn, the gift recipient sometimes thinks that income [...]