gift taxes

Gift Tax Is Not Dead, Learn About These Gift Tax Free Transfers

April 26, 2010

As most readers know, the federal estate tax (FET) was repealed for one year at the end of 2009 and it is looking less and less likely that there will be a retroactive application of the FET. However, there is still a gift tax, presently 35%, if you give away more than $1 million in …

When is My Gift Tax Return Due? Read On If You’re Short On Time!

April 3, 2010

By Dave Frees

Gift Tax Returns Are Due Now! Gift tax returns are due by April 15th of the year following the gift. You must file a return if you have made a gift of a hard to value asset such as real estate or an interest in a closely held business. You may also need to …

Tax Court Case Alert: Gifts of Limited Partnership (FLP) Interests Fail to Qualify for Annual Exclusion

March 8, 2010

By Douglas L. Kaune

In a Tax Court case, Price v. Commissioner, T.C. Memo. 2010-2 January 4,2010) gifts of limited partnership interests by parents to their three children did not constitute present interest gifts that qualify for the gift tax annual exclusion. The court stated that the present interest requirement is satisfied if the donee has immediate enjoyment …

Our Estate Tax Issues May Not Matter According To Russia

January 5, 2010

By Dave Frees

By David Frees Law Office: Phoenixville, Malvern and West Chester You think retroactive taxation for estate tax purposes is a problem? Well, according to Russia, we have bigger problems…. click here to read more about estate planning and the pending fall of the United States governmentt. If you need more information about planning …

Prenuptial Agreements and Pennsylvania Estate Planning – What The Tiger Woods Disaster Reminds Us To Do

December 5, 2009

By Dave Frees

Avoid damaging and expensive family disputes. Use a prenuptial agreement or post nup if you have children from a prior marriage or you are contemplating remarriage.

Gifts To Children and Grandchildren – Why Can’t I Give More Each Year?

November 16, 2009

By Dave Frees

How much can I gift at the end of the year and gifting to children and grandchildren for married and single people.

Estate Tax Repeal vs Repair – Have You Made Up Your Mind on The Federal Estate Tax?

November 13, 2009

By Dave Frees

Information vital to your actions on the federal estate tax issue

Make Your Estate Planning Gifts Work – Avoiding The Horrible Mistakes in End of Year Gifting

November 10, 2009

By Dave Frees

Are you considering making end of year estate planning gifts to children, grandchildren or great grandchildren? Curious about how much you can give without paying gift tax? This brief video tells you how much you can give without paying taxes. Want to avoid the mistakes that people make that can actually cost your heirs …

Family Limited Partnerships – Victory and Some Pointers

July 7, 2009

By Dave Frees

In a recent case, the tax payer had a victory over an IRS challenge that sought to include the full value of FLP (family limited partnerships) assets into the decedent’s estate. Family limited partnerships are often used to manage family businesses, real estate ventures, and even in some cases, publicly traded securities and other more …

529 Plans – Want To Know How The Obamas Are Saving For College For The Kids?

April 18, 2009

By Dave Frees

With the cost of 4 year college educations continuing to soar and, to out pace inflation, many of us are wondering how to save for our children. There are a variety of tools ranging from multiple 529 plans to UTMA accounts, to trusts, and outright savings in the parent’s own names. But, if you want to …

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Gift Tax Is Not Dead, Learn About These Gift Tax Free Transfers

When is My Gift Tax Return Due? Read On If You’re Short On Time!

Tax Court Case Alert: Gifts of Limited Partnership (FLP) Interests Fail to Qualify for Annual Exclusion

Our Estate Tax Issues May Not Matter According To Russia

Prenuptial Agreements and Pennsylvania Estate Planning – What The Tiger Woods Disaster Reminds Us To Do

Gifts To Children and Grandchildren – Why Can’t I Give More Each Year?

Estate Tax Repeal vs Repair – Have You Made Up Your Mind on The Federal Estate Tax?

Make Your Estate Planning Gifts Work – Avoiding The Horrible Mistakes in End of Year Gifting

Family Limited Partnerships – Victory and Some Pointers

529 Plans – Want To Know How The Obamas Are Saving For College For The Kids?

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