07 Aug Will adding my partner’s name to my deed trigger a gift tax?
It matters whose name is on the deed for your real estate....
14 Apr Do I have to tell the IRS about gifts to my grandkids?
You don't want to run afoul of the Internal Revenue Service....
18 Aug Is there a gift tax if I sell my car for $1?
New Jersey doesn't have a gift tax, but the feds do. ...
17 Aug Is money given to grandchildren subject to gift tax?
There are several ways to gift money without having a taxable event....
12 Nov Can I extend the gift tax exclusion through the entire year?
You have both an annual gift tax exclusion and a lifetime one, too. ...
22 Sep If I gift more than $15K, what tax forms do I need?
You may need to file a gift tax return depending on your choices. ...
08 Sep I was given a gift of $45K. How much do I owe in taxes?
When you receive a gift in New Jersey, you won't owe any taxes. ...
25 Mar For Medicaid, should parents put kids on joint account?
Shifting assets to prepare for Medicaid isn't a simple act. ...
27 Feb Should I gift my assets to avoid gift and estate taxes?
You can use annual gifts to transfer property to your heirs. ...
25 Oct Do I need to file a gift tax return for these gifts?
The IRS permits certain gifts to be given without a tax return filing. ...