The gifts tag has no wiki summary.
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What laws/regulations are there regardings gifts in the form of large sums of money?
My understanding is that at a certain point, there are taxes or regulations or something on gifts. Like if I were going to give my friend $500,000, for whatever reason this isn't as straightforward as ...
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Apartment donation or gift for foreigner living in US
Some of my relatives would like to donate or move an apartment on my name. However, there are a few things...
I am a Romanian citizen living in the US (on a non-immigrant visa)
The apartment is in ...
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Do banks accept a large gift to me as a valid down payment for a house?
When I bought my house at the height of the bubble seven years ago, I remember having a conversation with a loan officer about the source of down payment money.
It was stated to me that if I was ...
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I'm giving my car to my sister. Should I gift it or sell it?
I have a car registered in Connecticut. I want to give the car to my sister in Oregon. The blue book value of the car is approximately $5000. (It will be a very generous gift - but the car was a gift ...
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What do we need to consider if we're to receive a large cash gift from family abroad?
Are there any rules regarding receiving monetary gifts from family abroad? My fiance's parents want to wire us $25,000 from Brazil to be used on a down payment on a house. What are the tax or other ...
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US Income Tax and Gifts
I know that (in the U.S.) the gifter pays a gift tax (minus an exclusion and perhaps some other exemptions, but just speaking broadly here).
Does the recipient of the gift pay income tax or any ...
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What Canadian tax is payable on money received (gifted) from a relative in another country?
I have a Canadian and German passport, but I have lived in Canada for 15 years. My grandpa, in Germany, had opened a certain savings account for me from which I will recieve a lot of money from in ...
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Should I take out a loan vs pay off with mother's help?
I'm considering buying a house for 200k.
When buying place ($200k), I will be paying 120k as down-payment, and financing the rest. I am thinking of my mother pay an additional 80k (to buy the place ...
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What things do I need to consider if I want to gift units of a fund or stock to some one who is not related?
Instead of the traditional cash gift, I want to give my gift in terms of something that could increase in value over the long term. Before doing that I wanted to ask the below questions:
Do I have ...
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My boss wants to buy me a gift. How do I account for taxes for this?
I don't believe this is related to the personal gift tax rules as this deals with businesses giving gifts to individuals.
Since I'm receiving something of value, I assume I need to pay taxes on it. ...
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Options for giving an amount greater than the annual gift tax exclusion
Gifting up to $13,000/year (as of 2009) to someone is not subject to gift tax.
http://en.wikipedia.org/wiki/Gift_tax_in_the_United_States
Assuming that the individual receiving the money is older ...
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Can I get a tax deduction for giving towards my grandchildren's education?
I have 4 Canadian grandchildren. Can I get a charitable tax deduction if I give towards their education?
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How much money should we give as a wedding gift? [closed]
What would be an appropriate amount of cash to give as a wedding gift in the following cases?
What if it were:
(1) the wedding of an acquaintance, and we're not able to attend, but we'd send a gift ...
7
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2answers
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How do you make sure your child's birthday party doesn't break the bank?
I've been to childrens' birthday parties that clearly cost in excess of $500 when the price of the venue, activity, food, cake and loot bags are factored in. I don't want to spend a lot in order to ...
