A gift tax return might inspire dread, but it’s simply a way for the IRS to track eligible gifts made in a year and over a lifetime. Most people will never pay gift taxes.

Bob Carlson researches all facets of retirement finances. Gift tax returns could be the most misunderstood, neglected, and overlooked part of estate planning. There are many people who know estate ...

U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...

After a younger brother is left out of an aunt's will, his siblings want to share the money they inherited, but wonder if ...

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 ...

Consequently, the trust maker must file a Form 709 gift tax return to report the completed gift to the IRS. Example. A trust maker has property worth $13.61 million. They make a completed gift of ...

The federal gift tax applies when you transfer money or property to someone else without receiving something of equal value in return. Gift tax rates range from 18% to 40% based on the size of the ...

For example, a parent gifts $19,000 to a child. This means no tax and no gift tax return, according to Rod Stern, partner, Murtaugh, Treglia, Stern & Deily LLP. Full disclosure: Rod Stern has done ...

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.