Scheffel Boyle CPAS issued the following announcement on Nov. 9.
Many people want to pass assets to the next generation during their lifetimes, whether to reduce the size of their taxable estates, to help family members or simply to see their loved ones enjoy the gifts.
If you’re considering lifetime gifts, be aware that the type of assets you give can produce substantially different tax consequences.
Original source can be found here.
Source: Scheffel Boyle CPAS
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