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Estate Planning

: North Carolina Estate Planning Blog

IRS Publishes Report on 2005 Gifts

By Gregory Herman-Giddens

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The IRS recently published a report on lifetime wealth transfers in 2005 as disclosed to the IRS on federal gift tax returns.  The statistics are interesting to review - for tax and estate planning nerds, anyway.  The report also contains a history of the federal gift tax.  In 1924 the annual exclusion was only $500!

Full post as published by North Carolina Estate Planning Blog on August 19, 2008 (boomark / email).

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