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This page contains a single entry by Associate Editor published on May 30, 2011 2:59 PM.

Wall Street Journal: IRS Wants QuickBooks from Small Businesses was the previous entry in this blog.

California uses new Methods to Collect more from High Income Taxpayers is the next entry in this blog.

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IRS Attempting to Tax Large Real Estate Gifts by Searching Land-Transfer Records

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Associate Editor
on May 30, 2011 TrackBacks (0) Comments (0)

According to Arden Dale in the Wall Street Journal's Financial Adviser blog in IRS Scrutinizes Gifts of Real Estate, the IRS has commenced a low-profile yet intense program to tax individuals gifting large real estate parcels to others.  These transfers are often not reported to the IRS, and the IRS has begun searching land-transfer records to catch these omissions.

Posted by Jessica Rebarber, Associate Editor, Wealth Strategies Journal

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