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www.irs.gov/.../frequently-asked-questions-on-gift-taxes

Revenue Ruling 2013-17, along with updated Frequently Asked Questions for same-sex couples and updated FAQs for registered domestic partners and individuals in civil unions, are available today on IRS.gov. See also Publication 555, Community Property. How do I secure a gift tax return account transcript?

www.irs.gov/businesses/small-businesses-self-employed/gift-tax

The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not. The gift tax applies to the transfer by gift of any property. You make a gift if you ...

www.reference.com/business-finance/irs-rules-gifting-7ce...

What Are the IRS Rules on Gifting? Donors must pay a gift tax on transfers of money or property for which they do not receive full compensation, reports the Internal Revenue Service. A number of types of gifts qualify as exceptions to the tax. Donors must report taxable gifts in their federal tax returns and include appraisals and other ...

www.bankrate.com/.../retirement/know-the-gift-tax-rules-1.aspx

Here’s an example of when the gift tax applies: In simplified terms, suppose instead of gifting $12,000 this year to each of your three children, you give them $500,000 each, for a total of $1.5 ...

www.candofinance.com/taxes/rules-of-the-gift-tax

The Rules Of The IRS Gift Tax. By Carla Turchetti. May 7th 2016. Complicated -- that's how the Internal Revenue Service describes the tax code regulating the gift tax. It is often misunderstood because this particular tax burden falls on the person doing the giving, not the person who receives the gift. ...

www.moneycrashers.com/gift-tax-rate-rules-exclusion-limit

Understanding the Gift Tax. Gift taxes, in all but the rarest of circumstances, are paid by the person who gives the gift. You can give any individual a gift up to the federal gift tax exclusion amount without having to file a gift tax return to report the gift. For the tax years 2018 and 2019, the annual exclusion amount is $15,000.

help.taxreliefcenter.org/irs-rules-gifts-faq

IRS Gift Tax | 8 IRS Rules on Gifts You Need to Know. Fair Market Value Definition: It refers to the price of a product the market and the seller agree to pay. GST Tax Definition: In relation to the gift tax, GST stands for generation-skipping transfer. This is a type of tax levied on recipients or skip persons who are 37.5 years younger than ...

pocketsense.com/irs-rules-gift-tax-6523783.html

Under the IRS definition, a gift is anything you give to another person — cash or property — without getting value in return. When the gift tax applies, it is the responsibility of the person giving the gift to pay it, not the recipient. Someone who gives a taxable gift must report it to the IRS using a gift tax return, Form 709.

www.forbes.com/sites/ashleaebeling/2018/11/15/irs...

The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018 ...

turbotax.intuit.com/.../video-gift-tax-irs-rules/L8FLgWwAW

Note: The content of this video applies only to taxes prepared for 2010. It is included here for reference only. The IRS charges taxes on certain gifts that people make during the year. Learn about the IRS rules for Gift Tax with help from TurboTax in this video clip.