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Taxation & Estate Planning

: California Tax Attorney Blog

Gifts: Who Pays The Tax?

By californiataxattorneyblog-1

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Californians making gifts often believe the federal gift tax is paid by the recipient/beneficiary. Unfortunately, it is the one making the gift who pays the tax. Tax free gifts are possible, however.

Full post as published by California Tax Attorney Blog on June 25, 2008 (boomark / email).

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