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... More »

The rule for the annual gift tax is that when money or property is exchanged without any expectation of receiving something of equal value in return, a gift tax may be imposed, says the Internal Revenue Service. Gift tax... More »

The person who gives property or a sum of money to someone other than his spouse is the party responsible for reporting the gift and paying the taxes on the gift, states The taxes for the gift are due on or be... More » Business & Finance Taxes

The IRS requires that individuals providing others with gifts pay a tax, unless special arrangements are made so that the receiver bears financial responsibility for the remittance, according to the Internal Revenue Serv... More » Business & Finance Taxes

A person can gift money to a family member without paying tax by not exceeding the basic exclusion amount, notes the official web site of the Internal Revenue Service. The basic exclusion amount is a lifetime limit that ... More »

The Internal Revenue Service does not provide a tax estimate calculator but does offer a withholding calculator to help taxpayers understand how much money to allocate to taxes from each pay check. This approach helps pr... More » Business & Finance Taxes

Retroactive allocations of generation-skipping tax exemptions, or GSTs, need to be made on a gift tax return filed on or before April 15 of the year following the death of the individual being skipped, according to the I... More » Business & Finance Taxes