The federal gift tax applies when you transfer money or property to someone else without receiving something of equal value in return ... you still have to fill out Form 709.

Form 1040 and ... among leading online tax software is the ability to pre-fill some of your information when you upload PDFs of your tax documents and prior-year tax returns, or import documents ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

"If you are a U.S. citizen or resident alien and live or travel outside the United States, you generally must file income tax returns, estate tax returns and gift tax ... in the form of money ...

The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar ...

Valentine’s Day, a day to celebrate love, is the perfect excuse to shower her with love and a gift as special as her. Skip the cliché and go for something uniquely heartfelt- a love note in a ...

To attract foreign investors, fund managers, and global banks, Finance Minister Nirmala Sitharaman announced a fresh set of tax incentives that could position GIFT City as a contender against ...

Super Eagles invitee, Gift Orban has hinted Nigerian dish, eba and egusi soup remains the secret behind his goal scoring prowess. Orban, who recently joined Bundesliga side Hoffenheim, revealed ...

A man on Reddit says a recent birthday gift from his aunt — a scale — has devolved into the center of family drama after he returned the item at her request. In a Reddit post, he writes ...

So if a relevant gift was given in 2022, the information belongs on the 2023 tax return form. Information on this form lets the IRS know that a gift has been given that falls within the scope of ...