Techniques to Reduce or Avoid Federal Gift Tax
Are there techniques to reduce or avoid gift taxes?
→ Read MoreGeneral Gift Tax Law Questions
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Who Must File and Pay the Federal Gift Tax?
Individuals who make a gift to another individual or entity that exceeds a certain amount must file a gift tax return and pay the federal gift tax. The gift giver can choose to pay the federal gift tax at the time of filing the return or opt to apply the excess against the lifetime unified gift tax and estate tax exemption.
→ Read MoreConnection Between Federal Gift Tax and Federal Estate Tax
What is the relationship between gift tax and estate tax?
→ Read MoreImposition of Federal Gift Tax
When does a gift become taxable?
→ Read MoreState Gift Taxes
For the most part, the gift taxes that are set by the federal government are the only gift taxes that apply to monetary gifts and estate gifts that are given. These gift and estate tax rates are invariable between each of the states and the same rate applies to each state in the country.
→ Read MoreReporting of Gifts for Purposes of the Federal Gift Tax
When must I report my gifts for federal gift tax purposes
→ Read MorePaying Medical Expenses or Tuition Costs Tax Free from Gift Tax
Can I pay someone’s medical or education expenses and not be taxed for making a gift?
→ Read More