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  2. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."

  3. Gift Tax: Tax Rules to Know if You Give or Receive Cash - AOL

    www.aol.com/news/gift-tax-tax-rules-know-receive...

    Whether you work in the gig economy or are the recipient of a cash gift from a relative, you need to know if and how to report that money to the IRS. -- Cash gifts up to $15,000 per year don't ...

  4. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).

  5. What Are Gift Tax Rates and When Do You Have To Pay? - AOL

    www.aol.com/gift-tax-rates-pay-210701793.html

    The gift tax is any taxes owed on the gifts you have given. As the giver, you would owe the tax to the IRS and have to fill out a tax form. ... If you have three children, you may wish to gift ...

  6. Are Gifts, Prize Winnings and Non-Cash Bonuses Taxable? - AOL

    www.aol.com/finance/gifts-prize-winnings-non...

    As you gather your receipts and proof of income for Tax Day (April 18 in 2023) you may be forgetting one important detail: If you had any lottery or giveaway wins or non-cash bonuses from your...

  7. Adjusted gross income - Wikipedia

    en.wikipedia.org/wiki/Adjusted_gross_income

    Gross income is reported on U.S. federal individual income tax returns (Form 1040 series) type of income. Supporting schedules and forms are required in some cases, e.g., Schedule B [5] for interest and dividends. Income of business and rental activities, including those through partnerships or S corporations, is reported net of the expenses of ...

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