Intrafamily loans are powerful tools, but good intentions are not sufficient. Structure, documentation, and execution are ...

“For documentation, it’s important to keep ... Capital Gains Tax May Apply to Gifts Accruing Value The gift tax can apply to both cash and noncash gifts. If you receive a noncash gift, you ...

You can gift funds for a down payment and avoid a gift tax if you stick within the IRS ... canceled personal check or certified check, or documentation if it's a wire transfer.

The IRS has provided clear guidelines to help taxpayers manage their documents effectively. The IRS emphasizes the importance ...

The IRS announced a higher estate and gift tax exemption for 2025. The "basic exclusion amount" rises to $13.99 million for ...