Explore the 1,000’s of tax questions answered by professionals.


A friend wants to give me a gift of $8,000, do I have to pay taxes on it? ... read on

I received an unsecured loan in my name of $40,000 to pay for 50% ownership in a home in Arizona .... ... read on

I'm planning to wire over $50,000 to my family living in China and am wondering if I am subject to .... ... read on

I own a small restaurant and own 100% of the company. I want to know if I can gift some .... ... read on

I inherited money last summer when my grandfather passed away. I gave $10,000 to my mother as a gift. Is .... ... read on

My client wants to gift money for his grandchild into an UGMA. If the UGMA earns money, is this subject .... ... read on

I understand that the annual gift tax exclusion for 2009 is $13,000 per recipient. A married couple can give .... ... read on

What taxes are due on a gift from parents? ... read on

I received a house as a gift from my mother, will I owe taxes on this gift? ... read on

What is the maximum gift that can be made In 2010 without having to pay taxes for giving the gift? ... read on