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14-10-2022
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The federal gift tax applies to all gifts over
O $2,000.
O $10,000.
$14,000.
$18,000.

Respuesta :

28-10-2022

The federal gift tax applies to all gifts over: C. $14,000.

What is the IRC?

The IRC is an abbreviation for Internal Revenue Code and it can be defined as a body of federal statutory tax law that is saddled with the responsibility of codifying all federal tax laws in the United States of America, such as the following:

Income tax
Estate tax
Gift tax
Excise tax
Alcohol tax
Employment tax

According to the Internal Revenue Code section, §2502, for the year 2014, 2015, 2016, and 2017, the federal gift tax applies to all gifts that are over 14,000 dollars.

Read more on Internal Revenue Code here: brainly.com/question/10859356

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