The IRS and Treasury Department said parents, guardians, and other contributors to a Trump Account will not have to file a gift tax return. The update is a narrow tax administration clarification with limited immediate market relevance and no stated dollar impact.
The IRS and Treasury Department said parents, guardians, and other contributors to a Trump Account will not have to file a gift tax return. The update is a narrow tax administration clarification with limited immediate market relevance and no stated dollar impact.
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