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Annual Gift Tax Exclusion
Who files Form 709, and why is Form 709 required to be filed?  Form 709 is used to report transfers that are subject to federal gift tax and types of Generation Skipping Transfer Taxes (GST Taxes), as well as calculate the tax due, if in fact any tax would be due under the facts and...
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The video below discusses the annual gift tax exclusion.  If you have questions regarding gifting or the tax implications of gifting, please feel free to contact The McGuire Law Firm.   IRS Frequently Asked Gift Tax Questions  
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