|Charles Wilson, LLC | 307 S. Friendswood Dr, Ste B-2 | Friendswood, TX 77546 | 281-993-4530 | firstname.lastname@example.org|
8 Tips to Understanding the Gift Tax
If you gave money or property to someone as a gift, you might owe federal gift tax.
Many gifts are not subject to
the gift tax, but there are exceptions. Here are eight tips
you can use to figure out whether your gift is taxable.
If you split a gift you made,
you must file a gift tax return to show that you and your
spouse agree to use gift splitting. You must file a Form 709,
United States Gift (and Generation-Skipping Transfer) Tax
Return, even if half of the split gift is less than the annual
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As always you can call our offices if you have any questions about these or any other accounting, tax, financial planning or Quickbooks related issues, at 281-993-4530.
Regards, Charles S. Wilson, CPA/CFF, CGMA, CBEC
Certified Public Accountant
Certified Business Exit Consultant
Charles S. Wilson, CPA/CFF, CGMA |
Charles Wilson, LLC | 307 S. Friendswood Dr, Ste B-2