Client's mother died. Several years ago she gave the client a significant gift in cash per the attorney's request. I'm not even sure how many years ago, I think 7. I know that recent gifts are supposed to be rolled back into the total figure on an estate. My question is how many years ago does the gift have to be to not be included?
I can't find that anywhere in the IRS publications.
Never mind, I found it. It's 3 years.
I can't find that anywhere in the IRS publications.
Never mind, I found it. It's 3 years.