Gift Tax: What Is It And How Does It Work?
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.
Benefits of Creating an Online IRS Account
by Michael Reynolds, Elevation Financial LLC
Nobody likes dealing with taxes. It’s a necessary part of our modern society, but it can also be a point of stress and complication for many.
As I work with folks on their financial planning needs, tax issues come up a lot. If I had to pick the number one area of planning that causes the most problems for people, its taxes.
How to Pay Less Taxes: 5 Strategies to Reduce Your Tax Burden
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.
Today, we’re discussing strategies to:
Podcast Ep 9: Save Me Taxman!
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!
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Subscribe by email
You May Also Like
These Related Stories