The Types of Gifts the IRS Won’t Tax
One of the questions I tend to get every year is, 'How much tax will I have to pay if someone gives me a lot of money as a gift'. The answer is nothing. The facts are that the person giving you the money is the one that may be subject to something called the gift tax. And while there are a lot of exclusions to the tax, filing the paperwork to exclude yourself is really a pain in the....
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