ECC 201030029: IRS Advises Taxpayer to File Amended Gift Tax Return

In ECC 201030029, the IRS responded to a taxpayer's concern that a gift to a trust was not properly reported and advised he individual to file an amended gift tax return for the year in question with the additional information that the taxpayer believes is necessary to adequately disclose the gift.

Posted by Wesley J. Bailey, Associate Editor, Wealth Strategies Journal.