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Tag Archives: annual gift tax exclusion

gift vs loan vs advance: what's the difference?

Gift vs Loan vs Advancement: Why the Classification Matters

By Andre O. McDonald |

While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning. Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a gift… Read More »

How to Give a Tax-Free Gift in 2018 and beyond

5 Ways to Give a Tax-Free Gift in 2018 (and Beyond)

By Andre O. McDonald |

As 2017 winds to a close, Congress is on the verge of passing the most significant overhaul to the Internal Revenue Code in a generation. While this may be the season for giving, one thing is for certain: no one wants to give to the IRS. Federal tax law provides taxpayers many opportunities to… Read More »

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