For tax purposes, gift givers, rather than gift recipients, have to account for and potentially pay the gift tax. But you won’t owe the gift tax until you have given […]
Tag: Form 709
Do You Need To File A Gift Tax Return?
It’s tax-filing season and you’re likely focused on your income or business tax returns. But don’t forget about another type of return. In 2020, if you made substantial gifts of […]