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Annual exclusion. A separate annual exclusion applies to each person to whom you make a gift. The gift tax annual exclusion is subject to cost-of-living increases. ... Gift Tax Annual Exclusion ... The first $12,000 of your gift is not subject to the gift tax because of the annual exclusion. The remaining $13,000 is a...
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www.irs.gov/publications/p950/ar02.html
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Below are some of the more common questions and answers about Gift Tax issues. The laws on Estate and Gift Taxes are considered to be some of the most complicated in the Internal Revenue Code. ... You are each entitled to the annual exclusion amount on the gift. Together, you can give $22,000 to each donee (2002-2005) or...
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www.irs.gov/businesses/small/article/0,,id=108139,00.ht...
www.irs.gov/businesses/small/article/0,,id=108139,00.html
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Any amount you use out of your lifetime gift tax exclusion counts against the estate tax exclusion, which is $2,000,000 as of 2008 and $3,500,000 as of 2009. This means that if you use $250,000 of the limit by making gifts during your lifetime, you have reduced by $250,000 the amount that can pass through your estate...
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www.fairmark.com/begin/gifts.htm
www.fairmark.com/begin/gifts.htm
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The annual gift tax exclusion, the amount you can give to any individual each year without it being considered a taxable gift, is indexed for inflation, and the Internal Revenue Service has announced that in 2009 the amount will increase to $13,000 from the current $12,000. Thus a married couple will be able to give up...
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www.clm.com/publication.cfm/ID/204
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This memorandum is an introduction of how to make substantial gifts, through the use of the annual donee exclusion, without incurring any federal gift tax liability or using any of your unified credit available for gift and estate tax purposes. ... David W. Hanson, Tax Practitioner, Annual Gift Tax Exclusion...
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www.hansontax.com/page20.html
www.hansontax.com/page20.html
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THE ANNUAL GIFT TAX EXCLUSION ... THE ANNUAL GIFT TAX EXCLUSION - The annual gift tax exclusion is $11,000 per person (the person receiving the gift is known as a donee) by the person making the gift (known as the donor). ... The annual gift tax exclusion does not require the gift to be to children or grandchildren.
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www.lawwalk.com/annual_gift_tax_exclusion.htm
www.lawwalk.com/annual_gift_tax_exclusion.htm
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Trusts can be used in a similar way to provide gifts without giving underage children control of valuable assets. Talk to your estate-planning professional to find out about these arrangements. The gift tax exclusion is no longer equal to the estate tax exclusion.
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www.prudential.com/view/page/12027
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Small Business Guide Protecting Your Assets Limiting Liability in Your Business Structure Planning for Federal Estate Taxes Estate Tax Basics The Annual Gift Tax Exclusion...
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www.toolkit.com/small_business_guide/sbg.aspx?nid=P12_5...
www.toolkit.com/small_business_guide/sbg.aspx?nid=P12_5765
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Free Online Library: Contingent beneficiaries and the annual gift tax exclusion. by "The Tax Adviser"; Banking, finance and accounting Business Beneficiaries Laws, regulations and rules Crummey trusts Gift tax Trustees Planning Trusts (Law) Trusts and trustees ... .(1) With a proper gift tax strategy, an individual may...
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www.thefreelibrary.com/Contingent+beneficiaries+and+the...
www.thefreelibrary.com/Contingent+beneficiaries+and+the+annual+gift+tax+exclusion-a014997582
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