2023 annual gift exclusion

When to File a Gift Tax Return

When to File a Gift Tax Return

If you made gifts last year you may be wondering if you need to file a gift tax return. The short answer: There are many situations when it’s necessary (or desirable) to file Form 709 — “United States Gift (and Generation-Skipping Transfer) Tax Return” — even if you’re not liable

Sonya Foster2023-03-21T09:10:40-06:00March 21st, 2023|

FAQs on 2023 Limits for Individual Taxes

FAQs on 2023 Limits for Individual Taxes

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your 2022 individual tax return is due to be filed in 10 weeks (unless you file an extension). However, it’s a good time to familiarize yourself with

Sonya Foster2023-02-21T11:01:13-07:00February 21st, 2023|