Gift tax is a commonly misunderstood tax. Many people feel that if they receive money as a gift, they will need to pay the IRS part of that gift in the form of gift tax. This is actually not usually the case. Not only does the gift receiver not have to pay gift tax, more often than not, the gift giver also does not have to pay tax. In this blog, we will explain gift tax, who has to pay it and when they have to pay it.
Want to pay less in taxes? Who doesn’t! In this episode of the show, we’re talking through 5 ways that you can significantly reduce your tax exposure, and therefore save money by not sending so much of it off to the IRS.
Do taxes scare you? We want to take the fear out of taxes, and the taxman is here to save you! Take a listen to this episode featuring Steve, our Tax Specialist! We will be discussing why he loves taxes, what he actually does, and how you can be ready for the April deadline. As you think about taxes, check out our Tax Savings Strategies Downloadable!
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