Internal Revenue Service (IRS) to raise the yearly limit on gift tax. The annual exclusion for gifts has increased from 13,000 U.S. dollars to 14, 000 U.S. dollars starting in 2013. Under IRS rules, spouses are allowed to combine their annual exclusions to double the size of the gift...
The IRS doesn't impose a gift tax on every single penny someone gives away. First, there is no gift tax imposed on gifts between spouses, nor to qualified charitable organizations or for direct payment of college tuition. In addition, there is an exclusion amount, which is a set amount, ...
It focuses on two Tax Court rulings upholding the decision of the IRS to deny tax deductions to donors who failed to provide proper and timely written acknowledgement of their gifts. According to tax experts, this crackdown on charitable deductions is partly stimulated by Congressional pressure on...
Note: The content of this video applies only to taxes prepared for 2010. It is included here for reference only. The IRS charges taxes on certain gifts that people make during the year. Learn about the IRS rules for Gift Tax with help from TurboTax in th
Prescription copays are a common way to spend flexible spending account (FSA) money, but there are lots of other options to use so you don't lose the tax-favored funds. Your most important list this time of year is the one detailing all the Christmas gifts you’ve got to find by Dec...
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
The second stratifier, size of total gifts, is divided into four or five categories, depending on t... MB Eller,TL Rib 被引量: 2发表: 1998年 Family Limited Partnership Formation: Dueling Dicta The IRS has invoked two gift-tax weapons in its attack on family limited partnerships: the ...
The IRS doesn't impose a gift tax on every single penny someone gives away. First, there is no gift tax imposed on gifts between spouses, nor to qualified charitable organizations or for direct payment of college tuition. In addition, there is an exclusion amount, which is a set amount, ...
Lend someone money at zero interest, and you don't make any profit from the deal. Therefore, you might assume that the loan doesn't have any tax implications for you. In many cases, though, you'd be wrong. The tax code expects you to charge a certain amo
If you receive a wire transfer as payment for work you performed for a foreign entity,the money counts as earned income, and you must pay tax on it. You must also pay tax on money you receive as interest payments from foreign bank accounts and any capital gains. ...