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Report from MPI-WEC 2008, Las Vegas
Bruce MacMillan, CA, president and CEO of Meeting Professionals International, welcomed a record-breaking audience of more than 4,300 attendees to MPI’s World Education Congress at the Mandalay Bay Resort and Casino in Las Vegas during Sunday’s opening general session.

Registration Open for FICP Annual
Online registration for meeting planners only is now open for the Financial & Insurance Conference Planners 2008 Annual Conference, November 9-13 in Cancun, Mexico.

Insurance Regulatory Web Site Launched
Networks Financial Institute at Indiana State University has launched a new Web site that will focus on issues that are driving insurance regulation and reform efforts.

New FINRA Gift Rule Filed with SEC
The Financial Industry Regulatory Authority has filed with the Securities and Exchange Commission a notice of its proposal to adopt a new gift and entertainment rule.

Lost Laptop Leads to Halt in RT Enrollments
The Transportation Security Agency has prohibited Verified Identity Pass Inc., the operator of the Clear Registered Traveler program, from enrolling new RT customers after a computer laptop containing the unencrypted personal information of 33,000 RT enrollees went missing last month.


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Opinion, advice, and expertise on a wide range of Financial Services and Financial Practitioners topics. Read our Blogs and then go to Auburn Mountain Forums to voice your opinions and share your expertise. Keep in that these blogs are commentary and are not designed to give tax, legal or investment advice. Review Blog Guidelines.  

 

When is a Gift a Gift for Tax Purposes?

An uncle makes a loan to a nephew and then forgives the loan. Is this a gift? A parent sells assets to a child at a greatly reduced value. Is this a gift? Also you placed your children’s name on your home. Is this a gift? Example: Assume Amari has a home worth $300,000. He executes a deed deeding the home to himself, and to his daughters Jasmin and Sara. Amari can no longer sell the house without the approval of Jasmin and Sara. Is this a gift? Answers and Helpful Information

6/8/2008 2:50 PM   Views: 140 :: Comments: 0   Top of Page

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