Family Spending Accounts – Taking Advantage of Gift Tax Exclusions
As we’ve been discussing, both the estate tax and the generation-skipping transfer tax were repealed at the end of 2009. The twist being that, at any time, Congress may vote to retroactively re-instate the tax, or, if no action is taken this year, it may automatically renew in 2011. That said, there is still a gift tax for people who […]
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