Gift Tax

A gift tax is a tax levied by the federal government, and in some cases states, on assets transferred from one person to another. The tax requirements could vary greatly in different situations, so it is always wise to consult with a real estate or tax attorney. Look here for some information on gift taxes and what you need to know.

Featured Gift Tax Article

Buy Home Or Receive As Gift: Tax Implications

Added February 28, 2009 by Ilyce R. Glink

What is the best way to give your home to another family member without incurring a large tax? Ilyce warns against transferring a house into another family's name because of gift tax implications. Instead the family member could buy the home from you, while you become the lender, loaning 100% of the money. This way you can avoid the gift tax, and pay a mortgage payment every month instead of rent.

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How Long Does It Take To Recover From Identity Theft?

May 19, 2009

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The average identity theft case takes 26 hours to resolve, but you may be dealing with the effects of identity theft for several years. If someone has used your social security number or other personal information to create a synthetic or false identity, chances are they have used your personal…

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