Kutchins, Robbins & Diamond LTD.

Certified Public Accountants



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."

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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...

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