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Estate Planning Pitfall – You don’t file a gift tax return
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Description
Abstract: Thanks to the annual gift tax exclusion, individuals can systematically reduce their taxable estates with little effort. Plus, these gifts typically don’t require having to file a gift tax return. However, in certain situations, a gift tax return may be required or recommended. This article explains making gifts using the annual gift tax exclusion and discusses the benefits of filing a gift tax return.
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