Wait! Before You Gift Someone Something, Know That Gift Taxes Exist!

gifts

Did you know that if you gift someone an item, you could get taxed for it? Normally, people who pay the tax gifts are generally responsible for the paying the gift tax. However, the receiver may agree to pay the tax instead. Visit any CPA in Orange County or tax professional if you are looking for this type of arrangement.

Read more at: sonnycpa.com

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