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The Hidden Benefits of Filing a Gift Tax Return
Filing a gift tax return can protect your long-term tax strategy—even when no tax is owed. Reporting gifts ensures the IRS starts the statute of limitations, documents your lifetime exemption use, and prevents future valuation disputes. Understanding when a return is required helps you safeguard your wealth transfer plans.
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Dec 112 min read
© 2023 by Mickele-Sade Nowden, CPA.
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