| Home | December 2022News | Levine, Jacobs & Company, LLC, Shares Insight On Gifts And Taxes |
| |
|
|
 Levine, Jacobs & Company, LLC, Shares Insight On Gifts And Taxes- Levine, Jacobs & Company, LLC, Shares Insight On Gifts And Taxes
- December 30, 2022
-
Michael H. Karu, CPA/CFF discussed gift tax.
Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was quoted in NJ.com where he discussed the necessary actions to be taken when filing taxes for gifts.
Gift taxes are the obligation of the donor dependent on their state. Each state has their own set of requirements regarding the taxing of gifts.
Karu explained, “The gift of $40,000 would require the donor to file a gift tax return for 2023, “Assuming the donor is below the lifetime exclusion, there will not be a...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-shares-insight-on-gifts-and-t-pr-716382.html
|
Previous