Knowing the annual gift tax exemption can save you time and money.
The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...
One thing to be wary of: How the IRS defines what counts as a gift. For instance, if you sell a house for substantially less than the IRS would deem its fair market value — perhaps as a favor to a ...
THE 2001 ACT DID NOT ELIMINATE THE GIFT TAX. That means CPAs and their clients still face compliance issues when preparing and filing Form 709, United States Gift (and Generation-Skipping Transfer) ...