» Gifts

New (Good) Estate and Gift Tax News - Just Not the News You Were Expecting

October 24th, 2017
Posted By
Marc S. Levine
The IRS announced last week, in a visually stunning and well written Revenue Procedure (that is sarcasm) some good news for estate and gift taxes. They announced the 2018 inflation adjusted amounts for the annual exclusion gift, the estate and gift t… Read More
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Categories: Estate Tax, Gifts, News, Taxes

IRS Tips on Gift Taxes

April 1st, 2015
Posted By
Marc S. Levine
As the April 15 deadline approaches for income tax return filing, IRS is coming out with many reminder regarding what you are required to file. One area that often causes confusion is gift taxes. As we discussed previously, the gift giving rules can… Read More
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Categories: Estate Planning, Gifts, IRS, Taxes

529 Plans: Income Tax Advantages Augment Estate Tax Savings

December 2nd, 2014
Posted By
Marc S. Levine
As year end approaches, many clients are considering making gifts to children and grandchildren. Why do people wait to the year end for this? I am not sure, and advise my clients to make their gifts in the beginning of the year, rather then the end.… Read More
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Categories: Gifts, News

Q&A: Can My Father-In-Law Give Us a 14k Gift? Can He Give Us More?

November 18th, 2014
Posted By
Marc S. Levine
Occasionally, we will reprint questions and answers from clients – always with their permission and always edited for confidentiality. So a client wrote me an email today that is fairly common, especially this time of year, when clients talk to… Read More
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Categories: Gifts, Q & A