Don't worry about gift tax if you've recently received a sizable gift from your mom and dad. The IRS generally holds the donor responsible for taxes. Except the person is donating...
Posted by Income Taxes and Bookkeeping LLC on 11/11/2021
In making some taxable gifts above a certain threshold, one will be subjected to a federal gift and estate tax. For the 2020 tax year, an individual can give away $11.59 million during...
Posted by The TaxAdvocate Group, LLC on 02/09/2021
