Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift!

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can ...

THE 2001 ACT DID NOT ELIMINATE THE GIFT TAX. That means CPAs and their clients still face compliance issues when preparing and filing Form 709, United States Gift (and Generation-Skipping Transfer) ...

Just about every time a benefactor provides gift funds for a home purchase, two questions come up. Do I have to report the gift to the Internal Revenue Service? Do I have to pay tax on the gift? The ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on estate and gift taxes. ...