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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?

pocketsense.com/gift-money-family-members-tax-5585970.html

Your gift of money to family members can surprise them on their birthdays or make their holidays brighter. In lean financial times, money can help your family members make ends meet. But are you required to report these gifts on your tax return, or are monetary gifts to family members tax-free?

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/gift-money-family...

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 is used in gift tax and estate planning.

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.

www.forbes.com/.../07/27/tax-rules-for-renting-to-a-relative

Tax Rules For Renting To A Relative. ... since special rules apply when renting property to family members. ... they would be required to file a gift tax return. In some parts of the country, this ...

www.forbes.com/sites/deborahljacobs/2013/11/01/the-2013...

For an update, please see my Oct. 30, 2014 post, "IRS Raises Limit On Tax-Free Lifetime Gifts For 2015." This is the time of year when people think about being generous to family and friends ...

homeguides.sfgate.com/real-estate-family-gift-rules-86965.html

Partial Gifts. If you have some time, you can gradually transfer your real estate to your family members, tax free. Every year, you could gift an interest in your property equal to the gift tax ...

www.mlrpc.com/.../irs-increases-annual-gift-tax-exclusion-2018

So, in the previous example, a married couple with ten family members could gift up to $280,000 in 2017 ($300,000 in 2018) completely exempt from gift tax. Lifetime Estate and Gift Tax Exemption. In addition, if you gift an amount that’s above the annual gift tax exclusion, you can also tap into the lifetime estate and gift tax exemption.

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

Knowing the basics of how gifts are taxed can help you and your family members make prudent financial decisions. Remember that the gift and estate tax codes changes frequently, so what you know this year might not hold true for the next. Therefore, you might want to get professional advice to help keep you up to date. Sources. IRS; IRS ...