Source: http://thorgoodlaw.com/category/gifts/
Timestamp: 2017-02-28 05:32:41
Document Index: 722769151

Matched Legal Cases: ['§102', '§61', '§102', '§102', '§ 102', '§ 61']

Gifts | FREE Yourself from IRS Problems
Gifts	Tax Consequences Of Selling Or Giving Your Home To Your ChildrenPublished May 25, 2016 | By admin	Many parents consider and assume that one of their children will succeed them in living in the family residence. Of course, this place may be the house in which the child grew up and spent a considerable amount of time. To return to such a place can be very special. But what in fact are the tax consequences of such an event? What happens if the parents wait until death? What if they want to make an outright gift of the property? Perhaps they wish to make a sale at a bargain price? What if they make a more traditional sale that involves financing?
This is a preview of Tax Consequences Of Selling Or Giving Your Home To Your Children. Read the full post (709 words, 1 image, estimated 2:50 mins reading time)	Posted in Estate Tax, Gift Tax, Gifts | Tagged gift-tax exclusion, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, outright gift, Tax, tax attorney, tax lawyer, unified federal gift and estate tax exemption | Leave a comment	Gifts and Inheritances Under the Tax Code (26 U.S.C. §102)Published March 30, 2016 | By admin	Section 61 of the Tax Code states that “except as otherwise provided in this subtitle gross income means all income from whatever source derived”. Thus, the federal tax law requires taxpayers to pay income taxes on earnings, commissions, rents, royalties, retirement benefits, investment profits, tips, fringe benefits, bonuses and almost anything else of value, unless the Internal Revenue Code specifically provides an exception to the general rule contained in §61. An exception to the general rule is §102 of the Internal Revenue Code.
This is a preview of Gifts and Inheritances Under the Tax Code (26 U.S.C. §102). Read the full post (457 words, 1 image, estimated 1:50 mins reading time)	Posted in Estate Tax, Gift Tax, Gifts, Income Tax, Inheritances, Internal Revenue Code, IRC Section 61, New York Estate Tax, Representation, Taxable Income | Tagged donee, donor, gift, gift tax, I.R.C. § 102, I.R.C. § 61, income, inheritance, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Tax, tax attorney, tax lawyer | Leave a comment	Is Your Income TaxablePublished April 27, 2015 | By admin	Is Your Income Taxable?