After some hesitation, a federal court has given the IRS the green light to obtain property tax information on real property transfers between nonspouse related parties. So, all those who skipped the required gift tax return when they transferred property to a child or grandchild may want to rethink that decision. (more…)
Filed under: Estate Planning, Legal Topics, Tax Law | Tagged: Board of Equalization, gift tax, IRS, property tax, real property transfer | 2 Comments »










