Can i do $10000 gift for my son...?
You can give your son up to $14,000 this year withholding triggering the necessity of filing a federal gift tax return.
Chapel Hill, NC
Probate Lawyer at Chapel Hill, NC
Practice Areas: Probate, Estate Planning ... +2 more
You can give your son up to $14,000 this year withholding triggering the necessity of filing a federal gift tax return.
Mr. Pippen is correct. The annual gift tax exclusion is $14,000 per person (recipient). You will need a lawyer to prepare the deed - a typical...
Did an attorney prepare the document in the first place and you are seeking a second opinion? I would not rely on any asset protection trust that...
If you are a U.S. citizen, you must file a 1040. For 2012 you must use the 2012 form.
If the document does not provide for a way to determine the fees one must look to the North Carolina statutes. Depending on the situation, either...
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Paying someone "under the table" is tax fraud and could subject you to civil and criminal penalties. It is also against the law to hire an...
You do not have to pay taxes upon receipt of a gift, even if it's above $100,000. If it's a gift from a foreign individual under $100,000 you are...
The short answer is no - it would need to be a deed meeting the requirements of Alabama law, and recorded in the county in Alabama in which the...
You haven't provided enough information to give you a completely accurate answer - but if it is a gift, you do not need to pay taxes.
This is a very complex area of tax law and you would be well-served to have an attorney experienced in fiduciary income tax advise you and even...