GST Archives

Knott Learning

What is the Generation Skipping Tax (GST) – Basic Introduction

U.S. persons that make gifts must be mindful of the federal gift taxes and generation skipping tax. This article discusses the basics of GST.

Jason Knott2024-07-08T12:05:45+00:00Tags: Estate Tax, Form 709, Generation Skipping Tax, Gift Tax, GST|

Who Pays Gift Taxes – Introduction to IRS Form 709 Reporting

The U.S. tax code requires taxpayers to disclose gifts which exceed the relevant threshold for the tax year. The Form 709 is used to disclose any reportable gifts during the year.

Jason Knott2024-08-05T13:08:07+00:00Tags: Estate Tax, Form 709, Gift Tax, GST|

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