All Things Taxes

Tax tips and tax alerts from JK Harris

Can the IRS tax gifts?

JK Harris | January 22, 2009

Whether the IRS can tax gifts depends on whether you are giving or receiving the gift. If you give any one person a gift or gifts that are valued at more than $12,000, you are required to report this to the IRS, and you may have to pay taxes on it. However, if you have [...]