Federal Gift Tax Annual Exclusion

In 2014 you can give $14,000 to any person and not have to pay a gift tax. Married couples can combine their annual exclusion thereby giving $28,000. There is no limit on the amount of people you can gift to each year. If you were to exceed this annual amount, the...

Federal Estate, Gift & Generation Skipping Taxes

With the passing of the American Taxpayer Relief Act (“ATRA”) of 2013 it is expected that the laws governing federal estate taxes, gift taxes and generation skipping transfer taxes, and the exemptions from these taxes, will be permanent beginning in 2013. The...