Adequate disclosure – Why you should file gift tax returns even if they’re not required
$225.00
Description
Abstract: When transferring property to another person — especially a family member — consider filing a gift tax return even if doing so isn’t technically required. A timely filed gift tax return that meets the IRS’s “adequate disclosure” requirements starts the clock on the statute of limitations. This article explains the adequate disclosure requirement. A sidebar details the benefits of an independent appraisal of assets.
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