Transfers of assets subject to the federal Gift Tax and certain generation-skipping taxes are an important part of and often overlooked segment of tax planning and preparation. Taxpayers' may be subject to paying gift taxes and filing gift tax returns on a yearly basis if those gifts are above certain limits established by the IRS.
If you have made gifts this year or are contemplating making gifts in the future, it is critical that you hire a professional who knows how Gift Taxes may apply. Here at Lewis & Cone, PLLC we have the experience and resources necessary to address your Gift Tax needs.
Get a free consultation on how to resolve your Gift Tax problems by completing the form below.