You have to let the IRS know about large gifts, but tax consequences aren't a concern for most families.

When I was a 22-year-old studying income taxes in law school, the taxpayer was the person earning money. When we turned to studying gift taxes, it seemed odd that the taxpayer was the person giving ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

Beginning this year, estate and gift tax returns have new filing locations, according to the instructions for Form 706 and Form 709. As of June 30, 2019, estate tax returns (Forms 706) filed using the ...

Our gift tax calculator estimates how much of your annual and lifetime exclusions will be used up by your gift, and whether you'll have to pay any taxes on it. Many, or all, of the products featured ...

If you have gifting to loved ones on your mind, here are some considerations related to taxes and logistics. Unless you’re writing a check from your bank account, the logistics of gifting funds can ...