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Cash Gifting (Video) An IRS Response To Cash Gifting And Gift Tax What is cash gifting and is it legal? By listening to the conversation in the video, you will learn and understand the principals of cash gifting and how it affects you through the auspices of the Internal Revenue Service (IRS) and the Federal Trade Commission (FTC). You will also learn about annual exclusion taxes (gift tax) on cash gifting, tax code 950 and what it covers, and at what point the amount involved in cash gifting has to stop under IRS rules.
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