Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

847-240-1040

Blog

The Gift Tax, the Exclusion and the Lifetime Exemption

IRS Definition of Gift -- "Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return."

Read More

Gifting (Transferring Assets) and Medicaid Penalties

If you’re considering transferring assets (including cash, giving gifts for holidays, weddings, birthdays or graduations); or if you plan to buy something for a friend or relative, or you want to...

Read More