Gift Tax
Sort by:
- Potential Gift Tax Consequences of Adding a Family Member's Name to Your AccountsAdding a family member, other than your spouse, to your accounts could potentially have gift tax implications, depending on state law, how the account is set up and who makes contributions and withdrawals.
- Taking Advantage of Medical Gift Tax ExemptionWhen you are looking for ways to reduce the taxable value of your estate there are a number of strategies than can be implemented.
- Taking Advantage of Tax-Free Educational GiftsWhen you are looking for ways to reduce the taxable value of your estate gift giving is a viable option, but the gift tax does present an obstacle.
- The Ultimate Tax-Free Gift: EducationWhen you are inventorying your assets and evaluating the overall value of your estate you may find that it exceeds the estate tax exclusion.
- Educational GivingActs of generosity are beautiful things for the most part, but there is a reason to proceed with caution when you are planning your estate for the good of your loved ones.
- Estate Tax - Gift TaxTaxpayers with large estates are faced with alternatives. Gift tax or estate tax.
Changes in the Gift Tax and Estate TaxIn 2009, the gift tax and the estate tax exemptions were both raised. This means that for those wealthy enough to transfer very large amounts of money in these ways, even more of such transfers are tax free.- Buying a House from a Family Member to Avoid the Gift TaxIf you give a house as a gift, such as to one of your children, you may subject yourself or your estate to a gift tax and/or an estate tax. Thus it is better to structure the transfer of the property as a sale.
What Are the Limits on Gifts Before the Gift Tax Applies?Transferring money or property via gift is pretty close to tax free. Only if you give someone gifts totaling well into seven figures is it the case that there even might be a gift tax to pay.- How to Buy a House from a Family Member to Avoid the Gift TaxIf you get a house from a family member, it could make a big difference in your taxes to formalize it as a sale.
- Gift Tax Exemptions X-rayed!Whenever you give a gift of money or property, you might have to pay a gift tax. If you give a gift under $12,000, you are exempt from the current gift tax. If you give a gift over $12,000, you will have to pay the current 18% gift tax rate.
- Paying Taxes on Gifts: Determining the Spending LimitWhat is a gift tax and who has to pay the gift tax?
- The Perfect Storm to Transfer WealthThe current economic chaos offers affluent families an opportunity to transfer assets with potential growth at minimal tax consequences.
Learn About Estate and Gift Taxes Before It's Too LateA brief overview of the three major federl taxes that affect the estate of a loved one.- Gift Giving and Your LegacySuccessful Atlanta estate planning involves understanding the tax ramifications, and if things always stayed the same this would be relatively simple.
- Educational Gifts Can Provide Simple SolutionWhen the value of your estate exceeds the estate tax exclusion you are going to have to look for tax efficiency strategies.
- Money Man: Five Secrets Your Accountant Never Told YouThey say that the only certainties in life are death and taxes, but while you might not be able to escape taxes, there are few certainties where Uncle Sam is concerned.
- Gift Giving & Estate PlanningWhen you are considering what you would like to do for your loved ones when you find yourself reaching your twilight years, your first thoughts might logically revolve around what you will leave them when you die.
- Being Generous Throughout the Year May Not Hurt at Tax Time!If you want to gift someone, do not worry about taxes. There are effective strategies available. Right now, if you are giving a gift, your threshold is $12,000 to any one recipient.
