Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My wife is becoming a card holder and I am a US citizen. Her
My wife is becoming a green card holder and I am a US citizen. Her parents are getting older and want to start transferring money over to her as a gift or Inheritance. The total amount would be greate… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
On form 709, where do I enter the lifetime exclusion. I gave
On form 709, where do I enter the lifetime exclusion. … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
I need help to file my form 709... gifted my real estate to
i need help to file my form 709... gifted my real estate to daughter and son in law. … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
Is a taxpayer required to complete a gift tax return for
Is a taxpayer required to complete a gift tax return for gifts to non-Americans (i.e., citizens of a different country)? What if the taxpayer is not a US citizen?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,968 satisfied customers
In 2017 My elderly aunt gifted a parcel of real estate
in 2017 My elderly aunt gifted a parcel of real estate appraised at $203,500 to a Trust set up for her great niece.. we are trying to complete a 2017 form 709 thinking it should be a simple process, b… read more
Cole Parker
Cole Parker
Principal/CPA
Bachelor's Degree
113 satisfied customers
I have been retired since 2015 and on SS. I gave gift to my
I have been retired since 2015 and on SS. I gave gift to my daughter in 2017 of $170,000 from the proceeds from the sale of a residence we at one time both owned, however, at the time of the sale, I w… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Could you help me with some questions regarding Form 709 and
Could you help me with some questions regarding Form 709 and the gift tax laws? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am filling out an IRS Form 709 for 2016. I have all of it
I am filling out an IRS Form 709 for 2016. I have all of it done except for one thing: Schedule C. Line 4 of Schedule C relates to the applicable credit on amount in Line 3. Line 3 only relates to exc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My husband and I gave our daughter $174,500 in November 2015
My husband and I gave our daughter $174,500 in November 2015 to purchase a house. I am confused on how to fill out the 709 to use the lifetime exclusion. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Megan would like to know where, in which line have to report
hi Megan would like to know where, in which line have to report a cash donation to my doughter on form 709 the donation is more than 14000 usd thsnk you… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a question about a nonresident alien who lives in a
I have a question about a nonresident alien who lives in a foreign county and made a monetary gift (in cash ‎form) to a nonresident alien who lives in the U.S. Does the nonresident who gave the cash h… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I need help filling out part 2 (tax computation) of form 709.
I need help filling out part 2 (tax computation) of form 709. My husband and I gave our son $55,000 as a cash gift in 2013.… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
Hi! W is sole donor of gifts to children. H makes no gifts.
Hi! W is sole donor of gifts to children. H makes no gifts. W & H elect to split gifts. H must file Form 709. What information must H include in Schedule A of Form 709? Thanks for your help.… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
My mom gave me cash gifts adding up to about $73,000 in 2012
My mom gave me cash gifts adding up to about $73,000 in 2012 and I am trying to help her fill out IRS form 709. This is the only time she has gifted anyone an amount larger than the annual exclusion. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
LEV, thanks for your answer. Now I understand the difference
LEV, thanks for your answer. Now I understand the difference between Lifetime Exemption and Unified Credit! (Basically the former is the gross value of the gifts, and the latter is the annual allowanc… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Sorry, I asked a follow up question to clarify what you said
Sorry, I asked a follow up question to clarify what you said but the website routed me back to this page where I have to ask another question. Can you tell me if the tax implications change if the gif… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,363 satisfied customers
My father transferred $170,000 into a trust in 2010 so that
My father transferred $170,000 into a trust in 2010 so that he could qualify for a VA benefit. The trust includes $70,000 in a savings account plus 2 13yr $50,000 fixed annuities. My dad died in Febru… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I am trying to complete form 709, Gift Tax Return to ...
I am trying to complete form 709, Gift Tax Return to report a simple cash gift over the allowed amount for 2007. Part 3, Tax Computation seems to be where I add the exclusion, but where? I should end … read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x