Do I Owe Taxes on a Gift?
Do I owe taxes when I receive a gift?
No!
Do I owe taxes when I GIVE a gift?
Probably not.
In episode #368, Tom walks through the question "Do I owe taxes on a gift?" which we get asked often. Tom also covers what happens if you are the GIVER of a gift, as there is confusion about this as well.
#gifttax #lifetimeexclusion #estateplanning #form709
#irs #financialplanning #newjersey #monmouthcounty #monmouthcountynj
#cfp #financialplanner
Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments. We act in a fiduciary capacity with our clients at all times.
Our family of investments advisors (Tom, and his three sons - Brendan, Tim and Casey) are all CFP® Professionals.
To our knowledge, WE ARE THE *ONLY* FAMILY firm - in the nation - with four fiduciary, fee-only investment advisors who all have earned CERTIFIED FINANCIAL PLANNER™ certification.
Tom Mullooly is an investment industry veteran of over 35+ years. The "Mullooly Asset Show," has over 350 episodes and over 450 unique podcasts, which can be found on the site https://www.mullooly.net.
The "Mullooly Asset Show" answers questions and cover topics that YOU bring up.
Our topics and questions range from those brought up, or sent in, by our viewers.
Get in touch with us here:
Office:
1971 State Route 34
Wall Township, New Jersey 07719
Phone: 732-223-9000
Website: https://mullooly.net
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None of the content on our videos, podcasts, website or social media should ever be considered to be investment advice, financial planning advice or a recommendation to buy or sell investments. Nor should our content be considered research. Please our website for complete details.
This video is not a recommendation to buy or sell any of the investments mentioned. None of the securities mentioned in this video represent past specific recommendations of Mullooly Asset Management.
We rely on fundamental and technical analysis. Neither fundamental or technical analysis can predict the future, both methods have flaws. Past performance is no guarantee of future outcomes. Any Point & Figure charts used have been provided by our good friends at Dorsey Wright & Associates.
