annual exclusion gifts
What if you can’t pay your taxes on time? If you’re unable to pay your tax bill by April 15, you have several options, but doing nothing isn’t one of them. At the very least, you should file your return to avoid failure to file penalties of 5% of your tax liability per month, up…Read More
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway. Who must file? Generally, you must file…Read More
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