Gift taxes: getting shortchanged by the $25,000 lifetime exemption increase.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1998. The length of the article is 1345 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Persons whose reportable gifts exceed $750,000 will not benefit from the Taxpayer Relief Act of 1997's $25,000 unified credit increase. The 39% tax rate for such excess amounts is responsible for the lack in benefit. Optimal gift amounts under $25,000 can be simply calculated for or by those in this gift tax bracket.

Citation Details
Title: Gift taxes: getting shortchanged by the $25,000 lifetime exemption increase.
Author: Robert E. Harrison
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1998
Publisher: American Institute of CPA's
Volume: 29 Issue: n8 Page: 524(3)

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