Transfers Subject to the Gift Tax Generally, the federal gift tax applies to any transfer by gift of real or personal property, whether tangible or intangible, that you made directly or indirectly, in trust, or by any other means. The gift tax applies not only to the free transfer of any kind of property, butContinue reading “What is considered a gift?”
Tag Archives: i-r-s
Checklist for tax season for personal/individuals
Proof of identification (driver’s license, state photo ID or other government issued identification that includes a photo) Note: If you need to request a replacement card or update your Social Security record, go to Social Security number & card to find the best way to do this. An Individual Taxpayer Identification Number (ITIN) assignment letterContinue reading “Checklist for tax season for personal/individuals”
