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2. How Much Money Can I Gift Without Owing Taxes? - AOL

   www.aol.com/much-money-gift-without-owing...

   The annual gift tax exclusion of $17,000 for 2023 is the amount of money that you can give as a gift to one person, in any given year, without having to pay any gift tax.

3. 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.

4. 7 ways to give money as a gift - AOL

   www.aol.com/finance/7-ways-money-gift-170121968.html

   If you give above the exclusion amount, the IRS requires the submission of a gift tax return (Form 709). Recipients typically don’t pay taxes on gifts since a gift isn’t considered income.

5. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

6. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

   www.aol.com/irs-1099-tax-form-explained...

   Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.

7. 2024 gift tax rate: What it is, how it works and who has to ...

   www.aol.com/finance/2024-gift-tax-rate-works...

   If the giver owes a gift tax, the IRS does not require the recipient to pay the tax. In general, very few people pay the gift tax, since even large five- and six-figure gifts are covered by the ...