Gift Tax and Estates
Gift tax is a federal tax applied to an individual giving anything of value to another person without expecting something of equal value in return, while estate tax is levied on the transfer of the "taxable estate" of a deceased person, whether this transfer is to a beneficiary or otherwise. Both are integral parts of the United States transfer tax system and are subject to complex regulations, including exemptions and deductions that affect tax liability.
Lesson Videos
Gift Tax and Estates Overview
Introduction to Gift Tax and Estates
General Points Regarding Gift Tax
Complete and Incomplete Gifts
Examples of Gift Taxation
Gift Tax Exclusions
Lifetime/Unified Credit
Gift Tax and Estates Summary
Gift Tax and Estates - Practice Questions
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