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 Form 709 Instructions Gift Tax 2017

2017-2025 Form

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Instructions and help about Form 709 Instructions Gift Tax

what's going on Alex here and today I'm going to talk about the tax implications of gifts I'm also going to talk about gift taxes now the reason I separate the two is because a fair amount of gifts can be made without any gift tax implications whatsoever so it's important understand the framework of gift taxation to be able to determine whether any particular gift is a taxable gift or not now one thing I'm not going to cover in this video is foreign that's because foreign gifts have tax implications and tax filings all in and of themselves which can be a subject of a whole nother video so in this video I'm only going to cover gifts from people in the u.s. of assets in the u.s. to people in the US now to really understand gift taxes you also have to understand a little bit about estate taxes and the reason is because they're linked now that might sound weird but when you think about it the estate tax is essentially a tax on

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