Tag: Gift Taxes
Annual Gift Tax Exemption for 2009, 2010
The gift tax is when someone gives property to someone else and receives nothing or less than full value in return. Whether the giver intends the transfer to be a gift or not, it doesn’t matter, the tax still applies. If you give property to someone, and yes that includes money, then you have given [...]
Posted: July 14th, 2010 under Contributed.
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