Image source: asenal29, Wikimedia Commons. Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you ...

Since 2013, the gift tax filing threshold has been $14,000, making it relatively apparent that if your client made a gift in excess of $14,000 to any one person (other than a spouse) in 2013 or any ...

If you give someone cash or property valued at more than the 2023 annual exclusion limit of $17,000 ($34,000 for married joint filers), you'll have to fill out Form 709 for gift tax purposes. But ...

If you are looking for the instructions for the 2010 gift (and generation-skipping transfer) tax return--Form 709--you will not find them today--at least not in a PDF format. In my blog post on March ...

For 2010, the annual gift exclusion remains $13,000. Under a provision of the 2010 Tax Relief Act, any unified credit allocated to gifts made in prior periods must be redetermined using the current ...

In a continued push to overhaul its tax processing technology, the Internal Revenue Service contracted robotic intelligence company Ripcord to digitize some of its data. The pilot program, dubbed the ...

In the countdown to April 18 (the day tax returns are due this year), many people rushing to prepare their individual income tax returns will overlook another key tax document that's due the same day: ...

Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you have to follow the gift-tax rules.