Sentences with phrase «gift tax rules for»

There are certain exceptions to the Gift Tax rules for borrowers.

Note: $ 14,000 is the current threshold for gift tax rules for an exchange from one person to another.

Not exact matches

In a 47 - page opinion issued in December 2015, U.S. tax judge Albert Lauber ruled that Redstone was liable for the $ 737,625 in gift taxes, plus interest.

Known for his connections to both Bay Street and establishment Liberal circles, Prichard as head of U of T was credited with talking Paul Martin into rewriting the tax rules to allow gifts of stock to be eligible for charitable credits — a game - changing move that unlocked untold millions of philanthropic donations.

Be smart about charitable gifts: The new tax rule nearly doubles the standard deduction to $ 12,000 for single filers and $ 24,000 for those who are married and file jointly.

There are substantial changes to estate and generation skipping tax («GST») rules with implications for the gift tax.

Be Smart about Charitable Gifts: The new tax rule nearly doubles the standard deduction to $ 12,000 for single filers and $ 24,000 for those who are married and file jointly.

However, a special rule allows you to make a lump - sum contribution and spread it over five years for gift tax purposes.

In general, when valuing a gift of stock for capital gains tax liability, it's the donor's cost basis and holding period that rules.

Unlike gifts, spousal loans do not trigger the attribution rules, so the low - income spouse will be responsible for paying any capital gains taxes at a lower rate.

Also listed below are the rules for bonuses and gift cards related to the Fair Labor Standards Act (FLSA), payroll taxes and withholding.

Items of interest to the real estate industry included in this legislation were restoration of a capital gains differential, expansion of Individual Retirement Accounts (IRAs) to allow for penalty - free use of IRA funds as a downpayment on a home, an increase in the deduction for self - employed health insurance costs, a change in the tax treatment of tenant improvements, reform of gift and estate tax law, and simplification of Subchapter S rules.