A gift tax is a tax imposed on the transfer of ownership of property. The United States Internal ... The remainder interest gift tax rules apply the gift tax on the entire value of the trust by assigning a zero value to the interest retained by the donor.
Apr 10, 2017 ... The donor is generally responsible for paying the gift tax. Under special ... The general rule is that any gift is a taxable gift. However, there are ...
As you consider making gifts, keep in mind that very different rules determine the tax basis of property someone receives by gift versus receives by inheritance.
Oct 25, 2016 ... For 2017, the estate and gift tax exemption is $5.49 million per individual, up from $5.45 million in 2016. That means an individual can leave ...
For purposes of the gift tax, it's not a gift if: It's given to a husband or wife who is a U.S. citizen. Special rules apply to spouses who are not U.S. citizens. It's paid ...
Learn the gift tax rules to reduce the tax consequences when give someone money.
What's the difference between the annual exclusion from gift taxes and the lifetime gift tax exclusion? Find out here.
Oct 7, 2014 ... Learn which gifts are taxed by the IRS and what can be excluded. ... savings plan to avoid the gift tax — but note that certain rules apply.
Understand the basics of the Gift Tax and Estate (Death) Tax. Find out the latest exclusion amount, exemptions, and deductions.
In addition to the $5.45 million exemption, many other gifts are not subject to the gift tax—for example, gifts to a spouse. So if you give your $1 million house and ...