Knowing the annual gift tax exemption can save you time and money.
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Gift tax limit explained: How much you can give without paying taxes
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) ...
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