Mom moved $210,000 int my acct. (3weeks) then I moved it to back. Is it considered 2 gifts? File 709s?
Depending on the facts, the transfer could have been gift, loan, etc. 709 is required for a gift.
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Federal Regulation
Depending on the facts, the transfer could have been gift, loan, etc. 709 is required for a gift.
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They may argue they are trying to protect their clients. Contact them to learn more.
Under the circumstances, you may consult a probate attorney or an estate planning attorney .
Ask the authorities requesting such information. Who asked for these numbers.
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