24.02.22 10:18 AM - Comment(s)
Gifting assets to loved ones is one of the simplest ways of reducing your taxable estate. However, what may not be as simple is determining whether you need to file a gift tax return (Form 709). With the April 17 filing deadline approaching, now is the time to find out an answer.
Return required
A fed...
If your estate plan calls for making non-cash gifts in trust or outright to beneficiaries, you need to know the values of those gifts and disclose them to the IRS on a gift tax return. For substantial gifts of non-cash assets other than marketable securities, it’s a good idea to have a qualified app...
(41)
(19)
(155)
(57)
(3)