Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you have to follow the gift-tax rules.

Since 2013, the gift tax filing threshold has been $14,000, making it relatively apparent that if your client made a gift in excess of $14,000 to any one person (other than a spouse) in 2013 or any ...

Bitcoin gifts aren’t immediately taxable. The IRS treats cryptocurrency as property, so recipients generally don’t owe income tax on the gift.Stay within the 2025 exclusion limit. You can gift up to ...

Thinking about giving money or assets to loved ones? Whether it’s a generous graduation gift, help with a down payment or part of your estate planning strategy, understanding how the gift tax limit ...

Late on Friday, the IRS added gift and generation-skipping transfer (GST) tax returns to the list of federal taxes and tax returns that have had their April 15 deadlines postponed to July 15 due to ...

In a continued push to overhaul its tax processing technology, the Internal Revenue Service contracted robotic intelligence company Ripcord to digitize some of its data. The pilot program, dubbed the ...

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) ...

Editor's note: Updated on 1/2/2015. In the countdown to April 15, many people rushing to prepare their individual income tax returns will overlook another key tax document that’s due the same day: ...

When giving away cash or property to a friend or family member, most of us give little thought to whether the gift needs to be reported to the IRS. For small gifts, this lack of attention is not a ...

In the countdown to April 15, many people rushing to prepare their individual income tax returns will overlook another key tax document that's due the same day: Form 709, covering taxable (or ...

Image source: asenal29, Wikimedia Commons. Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you ...