Modernized e-File (MeF) for gift taxes now offers a secure and accurate way to file the Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. It is an electronic filing process that …

Jul 14, 2025 · The unified estate and gift tax is determined by reducing the estate by deductions, adding back taxable gifts, and calculating the tax, allowing a credit for prior gift taxes paid, and then applying …

This form must be completed by all transferees and transferors and submitted with Form MV-1, MV-4ST or Applicant Summary Statement, for any transfer for which a gift exemption (Exemption 13) for …

The gift tax annual exclusion has increased to $19,000 for 2025, marking the fourth consecutive year in which the exclusion has increased by $1,000. The following chart shows how these figures have …

the annual exclusion for withdrawal powers given to grandchildren who were contingent beneficiaries.6 If the premiums (and the value of the policies trans-ferred, if existing pol

Loans forgiveness. If an individual makes a loan, and as part of a prearranged plan intends to forgive the debt, the debt is a gift at the time the loan is made. If there is no prearranged plan, the lender makes …

For large but not so massive gifts to foundations and other charities, something simpler will suffice. This sample agreement is a “bare bones” version that might be adapted for use in an actual donation …