Tag Archives: gift taxes

Does Gifting Reduce Your Taxable Income?

If you are like other hard-working individuals who are disappointed to see the IRS take a sizable bite out of their checks, you could be wondering how you can reduce the amount of taxes you owe each year. You might … Continue reading

Posted in 4506-Transcripts, business taxes, IRS Tax Audits, Trends | Tagged , , , , | Leave a comment

Can I Give Someone $1 Million Tax-Free?

You might think you can give money or property away without needing to document it on your tax paperwork, but that is not the case. At this point, you likely want to know whether or not you can give someone … Continue reading

Posted in 4506-Transcripts, business taxes, IRS Tax Audits | Tagged , , , , | Leave a comment