WHEN ARE GIFTS TAXABLE?

What is a gift tax? When is a gift taxable? When are we required to file gift tax returns? Who files the gift tax return? A gift tax is a wealth transfer tax while alive and together with the estate tax at death are both part of the unified transfer tax system. The...

NON TAXABLE GIFTS vs TAXABLE GIFT

What is a gift tax? When is a gift taxable? When are we required to file gift tax returns? Who files the gift tax return? A gift tax is a wealth transfer tax while alive and together with the estate tax at death are both part of the unified transfer tax system. The...