Comments on: Ask the taxgirl: Income Tax on Gifts

By: WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’ - WED EDITION | The-Informer

WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’ - WED EDITION | The-Informer — Wed, 29 Jul 2009 09:25:58 +0000

[...] TAX GIRL Kelly Phillips Erb once again correctly answers an oft-asked question in her post “Ask the Taxgirl: Income Tax on Gifts”..* Bill Perez provides a brief overview of the potentially partially refundable American [...]

By: My Journey

My Journey — Tue, 28 Jul 2009 16:10:17 +0000

Great Post/Answer

This person has all sorts of issues associated with this situation.
1) What does state insurance mean? Is it Medicaid or is it a COBRA situation where resources may not matter?
2) What benefits is mom getting? Because straight gifting may not be the best course of action for her.

There may be planning options (“avoiding” is a conatation for illegal lol) such as having Grandma pay for certain reasonable expenses. But again, as TaxGirl said TALK TO AN ATTORNEY. If you are on the lower income side I would recommend calling up a law school who may have a free clinic.

By: South Florida Estate Planning Law

South Florida Estate Planning Law — Mon, 27 Jul 2009 15:24:28 +0000

Some Articles From Other Blogs…

Below are some articles from other blogs that I read. All of these blogs are in my RSS Reader and I find them essential in keeping up with the world of probate, tax, and estate planning. Note that these are……

By: Roth & Company, P.C.

Roth & Company, P.C. — Mon, 27 Jul 2009 12:43:50 +0000

I got a big gift. Is it taxable?…

TaxGrrrl has the answer: Gifts of cash are not taxable to the recipient for federal income tax purposes. So, when……

By: Ask the taxgirl: Income Tax on Gifts | taxgirl « Taxes Income

Ask the taxgirl: Income Tax on Gifts | taxgirl « Taxes Income — Sun, 26 Jul 2009 03:07:52 +0000

[...] Here is the original: Ask the taxgirl: Income Tax on Gifts | tax… [...]