Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants

Blog categorized as Estate

If you made gifts last year, you may (or may not) need to file a gift tax return

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...

06.06.19 01:01 AM - Comment(s)
Make the holidays bright for you and your loved ones with annual exclusion gifts

As the holiday season quickly approaches, gift giving will be top of mind. While gifts of electronics, toys and clothes are nice, making tax-free gifts of cash using your annual exclusion is beneficial for both you and your family.

Even in a potentially changing estate tax environment, making annual ...

03.06.19 11:29 PM - Comment(s)
Asset valuations and your estate plan go hand in hand

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...

03.06.19 04:29 AM - Comment(s)