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Gift Tax Questions: What Are the Consequences of Paying $60,000 Toward My Daughter's Wedding?
For many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to worry about from a tax perspective. You could owe federal gift taxes if your lifetime gifts are ...
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How Do I Know If I Need a Gift Tax Form 709?
Form 709 is the way to report to the IRS any gifts made in the prior year that are subject to the gift tax. Don’t worry, ...
Forbes11mon
Know The Most Misunderstood Part Of Estate Plans: Gift Tax Returns
Bob Carlson researches all facets of retirement finances. Gift tax returns could be the most misunderstood, neglected, and overlooked part of estate planning. There are many people who know estate ...
Forbes8mon
What’s The Tax Impact If You Gift Stock At Below Your Purchase Price?
What about other tax considerations for gifts of assets? Bruce Bell, an attorney at the Chicago office of Schoenberg Finkel Beederman Bell Glazer, provides some guidance. Larry Light: Let’s say ...