‘Tis the season to be gifting’

Thanksgiving is right around the corner and many of us are busy counting our blessings.  We wonder how to bless those who have blessed us.  We ask, “What would be an appropriate gift?”  “Should I get a present, give cash, or simply write a check?”  If your next question is, “What are the tax ramifications of my gift?” then you must be a tax attorney.  If that wasn’t your next question, this Q&A summary of the federal gift tax law is for you. 

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