Avoid These Potentially Troublesome Gift-Giving Strategies

Tag Archives: Loans disguised as gifts

Avoid These Potentially Troublesome Gift-Giving Strategies

Although there’s a large tax exemption limits for gifts you make to other individuals each year, there are still some gift-giving strategies that could land you in trouble with the Internal Revenue Service (IRS). Below are a few examples of the actions you should avoid. Loans disguised as gifts In some cases, parents or grandparents […]