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Posts Tagged ‘marital exemption’

Feeling Generous? Learn Why the IRS Levies the Gift Tax and When it Doesn’t

Let’s say you’re having a good year financially, you’re single and without family obligations, and you decide to help out a nephew who is struggling to pay for his college education. You look at your various accounts, think about the appreciation of that piece of real estate that you bought two years ago, and you come up with a number; a check in the amount of $20,000, you think, would […]

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