Tax Implications of Gifting Real Estate to Family Members | Ryan C. Young | Richmond, Virginia | Real Estate Attorney

Ryan C. Young, Esq.
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... Read More

Gift Tax FAQ – Richmond, Virginia Lawyer – Ryan C. Young

Ryan C. Young, Esq.
Gift Tax FAQ – Richmond, Virginia Lawyer – Ryan C. Young
  At first glance the gift tax regulations seem quite complicated. That is because the Internal Revenue Service hires writers who cannot write a simple sentence. If the tax code was written in plain English it would likely be hundreds, if not thousands of pages shorter. By using a FAQ format, we hope most of your questions will be addressed. The... Read More