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The federal gift tax rule is that when money or property is exchanged without the expectation of receiving at least something of equal value in return, gift tax may apply, accordin...

Gift Tax Rules
One of the federal government's many ways of taxing U.S. citizens is through the imposition of a federal gift tax. This is a tax generally paid by people who give lifetime gifts worth more than $1,000,000 to any one person. Gift tax compliance requires... More »
Difficulty: Easy
Source: www.ehow.com

Gift tax in the United States


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.

Frequently Asked Questions on Gift Taxes - Internal Revenue Service


Below are some of the more common questions and answers about Gift Tax issues. You may also ... The general rule is that any gift is a taxable gift. However  ...

Know the gift tax rules - Bankrate.com


Scenario: You are financially well-off, maybe even wealthy. You would like to make some significant gifts to people you care about. Plus, you've heard that by ...

IRS Announces 2015 Estate And Gift Tax Limits - Forbes


Oct 30, 2014 ... The federal estate tax exemption rises to $5.43 million per person for 2015, but the annual gift exclusion amount stays at $14000.

The Gift Tax Made Simple - TurboTax Tax Tips & Videos


Gifts made during your lifetime will reduce your taxable estate. However, gifts in excess of the annual exclusion also reduce your estate tax exemption. In the ...

The Gift Tax - TurboTax Tax Tips & Videos


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.

Gift Tax: Do I have to pay gift tax when someone gives me money ...


Special rules apply to spouses who are not U.S. citizens. ... If someone gives you more than the annual gift tax exclusion amount ($14,000 in 2015), the giver ...

2015 Estate and Gift Tax Rules - Fidelity Investments


How common Is that reaction to the mere mention of estate planning? But now that the cloud of uncertainty has been lifted over estate and gift tax rules, there are ...

Popular Q&A
Q: Gift Tax Rules.
A: The person receiving a gift is never taxed on that gift. Gifted property is not considered income under the IRS income tax rules, and the federal gift tax does ... Read More »
Source: www.ehow.com
Q: Gift tax rule problem?
A: In your example, the IRS sees $36K leaving mom's bank account and ultimately $36K landing in D's. Using form over substance, the IRS sees that mom made a $36K g... Read More »
Source: answers.yahoo.com
Q: Internal Revenue Gift Tax Rules.
A: All gifts with a value in excess of the annual exclusion amount that are not made to a spouse, that are not the payment of someone's medical and tuition expense... Read More »
Source: www.ehow.com
Q: What are the gift tax rules for in-laws?
A: Same as for anyone. The only exemption from Gift Tax is for gifts between spouses. You are allowed to make gifts of up to $12,000 per year per recipient to an u... Read More »
Source: answers.yahoo.com
Q: Which state#27;s gift tax rules apply?
A: I am not licensed in either NY or CT, so I can only answer in general terms. I also assume you have resolved the federal gift tax consequences. A Connecticut re... Read More »
Source: www.avvo.com