Brendan Willmann, CPA, EA, CFP®
Asheville: 828-348-8698
Cincinnati: 513-549-2736

Estates and Gfiting

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Educational Exclusion

In general, gifts to a non-spouse that exceed $14,000 (in 2013) require the filing of a gift tax return (Form 709). However, there are three exclusions: political organizations, educational exclusions and medical exclusions.  Transfers that qualify for any one of these three exclusions are not subject to gift tax and do not require the filing of a […]