Federal gift tax may apply when someone gives a gift — of cash or any other type of property — to someone else and receives nothing in return. In some cases, depending on the gift's size ...

The gift tax is a federal tax the IRS imposes when one person transfers property (including money or property income) to another and receives nothing or something of lesser value in return.

Consequently, the trust maker must file a Form 709 gift tax return to report the completed gift to the IRS. To minimize transfer taxes (gift and estate taxes), a trust maker must make a completed ...

Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns. Here’s what you need to know about the federal gift tax and how much you can offer as a one ...

For example, married couples with multiple relatives can gift up to $266,000 in total without triggering a gift tax return. Start a 3-month Pro Farmer trial for just $1/mo - learn more.

Here’s a quick estate planning tip: one of the easiest ways to reduce the size of your taxable estate is to take advantage of ...

There is a limitation to consider when gifting stock. The IRS requires you to fill out a gift tax return if you give more than $18,000 per year of cash or property to any recipient as of tax year ...

Cash gifts to adult children generally have no tax impact on neither the parent nor the child. Only gifts of assets with ...