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Taxing Matters

By William Perez, About.com Guide to Taxes

April 15th is not only the deadline to file an income tax return, it's also the deadline to file a gift tax return. If you have given over $13,000 to an individual person (whether related or not), you may need to report that gift on a separate tax return filed with the IRS. Learn more about whether you need to file a gift tax return and which types of gifts are subject to tax reporting requirements.

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