The Taxation of Gifts

M. Jill Lockwood; Leslie B. Fletcher

The Taxation of Gifts

M. Jill Lockwood, Leslie B. Fletcher

Emeriti, Retired, & In Memoriam (PCOB)

Georgia Southern University

Research output: Contribution to journal › Article › peer-review

Abstract

The United States gift tax applies to all gifts made by U.S. citizens, whether they live inside or outside the United States. Some gifts made by non-residents who are not citizens of the United States may also be subject to gift tax. A gift tax exclusion of $11,000 keeps small gifts from being taxed. In this article, assume that all of the examples presented below exceed the $11,000 exclusion.

Original language	American English
Journal	National Public Accountant
State	Published - Dec 1 2003

Keywords

Gift tax
Section 2511

DC Disciplines

Accounting
Business

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Cite this

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abstract = " The United States gift tax applies to all gifts made by U.S. citizens, whether they live inside or outside the United States. Some gifts made by non-residents who are not citizens of the United States may also be subject to gift tax. A gift tax exclusion of $11,000 keeps small gifts from being taxed. In this article, assume that all of the examples presented below exceed the $11,000 exclusion.",

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AB - The United States gift tax applies to all gifts made by U.S. citizens, whether they live inside or outside the United States. Some gifts made by non-residents who are not citizens of the United States may also be subject to gift tax. A gift tax exclusion of $11,000 keeps small gifts from being taxed. In this article, assume that all of the examples presented below exceed the $11,000 exclusion.

KW - Gift tax

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The Taxation of Gifts

Abstract

Keywords

DC Disciplines

Access to Document

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