gift tax return

Ask the Taxgirl | Estate and gift tax

Ask The Taxgirl: Gift Tax Returns & Coronavirus
ByKelly Phillips Erb March 21, 2020March 24, 2020

Taxpayer asks: Any idea whether the filing extension applies to gift tax returns? Taxgirl says: AUTHOR’S NOTE: There is (finally) official word from the Internal Revenue Service (IRS) on this issue: Normal filing and payment due dates continue to apply to estate and gift taxes. That said, my original reply remains below: Honestly, I don’t…

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Ask the Taxgirl | Estate and gift tax

Ask The Taxgirl: Reporting Gifts
ByKelly Phillips Erb December 28, 2010May 19, 2020

Taxpayer asks: Hello Tax Girl: I am in NY. My father is giving me approximately $25-$30k this year. He will be reporting the payment to the government by sending me a 1099. My question is: Are there any special provisions to keep in mind when I report this on my income tax form or do…

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