The purpose of this post is to advise you that you may be required to file a Federal gift tax return (IRS Form 709). If you made a gift during 2016, this summary may be critical to your tax planning.
It is important to create a strong estate plan foundation for children with special needs. Creating a basic estate plan will help ensure that your child is properly cared for.
You'll owe a gift tax if you give large gifts to certain people.You may owe a gift tax depending on the size of your gift and who you give it to. Learn about the rules and who is exempt.