Decoding IRS Gift Tax Code

The IRS gift tax code can be so complicated for some that it discourages them from gifting. If you read the actual code itself, it can be confusing, but the basic rules aren’t that hard to figure out, and those are the ones with which you should be concerned. Provided your gifts fall under certain restrictions, you won’t be dinged when tax time comes around. Gifts That Are Not Subject to Gift Tax Provided you give your gift to the right person or organization, you won’t be subjected to Read more [...]