Be Careful When Making Certain Types of Gifts

Tag Archives: Conditional gifts

Be Careful When Making Certain Types of Gifts

Gift giving is a popular estate planning strategy to reduce the taxable value or your estate. However, the IRS has some very strict rules in place that govern the nature and amount of gifts you can give within a certain time without taking a tax hit. Here are a few strategies you should avoid if […]

Gifts That Could Raise Red Flags at the IRS

The IRS is, among other things, tasked with finding estate planning strategies that violate tax laws. Many of the circumstances that get people in trouble with the IRS through their estate planning involve illegal gifts. Here are just a few examples of some gifts that might cause the IRS to pay you some special attention. […]