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.
5 days ago ... 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 ...
Learn the gift tax rules to reduce the tax consequences when give someone money.
Jul 3, 2017 ... The former is commonly referred to as the " annual gift tax exclusion" and the other is commonly referred to as the " lifetime gift tax exemption." ...
Sep 12, 2016 ... Special rules apply to spouses who are not U.S. citizens. ... Currently, a taxpayer does not pay gift tax until they have given away over $5.43 ...
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.
May 2, 2017 ... Find out how to make the most of higher exclusions and a popular portability provision in new estate and gift tax rules.