TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Refundable Gift

January 20, 2010

Today TaxMama hears from Karen in Arizona with this sad question. “A parent distributes an annual gift of $13,000 to a child for 4 years depleting all assets. If the parent requires full time nursing care before the end of the 5th year and has only Soci