Tax Implications of Gifting Real Estate to Family Members | Ryan C. Young | Richmond, Virginia | Real Estate Attorney
Are you aware of the IRS national hunt for gift tax evaders? A generous gift of real estate is a primary target. Recently the IRS asked federal court to order a California tax agency to deliver its computer records for all residents who transferred real estate to their relatives for under-market consideration from 2005 to 2010. As every real...
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