Gift of $17,000

[arlo]

Client receive gift from uncle who died. Is this taxable to client? It says the donor must pay tax on gifts over $14,000
to an individual but I cannot find if the client must report anything over the $14,000. Help would be appreciated

[ATSMAN]

If the money was received after uncle died it is not gift but inheritance!

[RitaB]

If gift

If gift, and not inheritance, see: http://www.irs.gov/pub/irs-pdf/i709.pdf

I doubt donor owes tax, but return is supposed to be prepared by donor.

[JudyL]

Client receive gift from uncle who died. Is this taxable to client? It says the donor must pay tax on gifts over $14,000
to an individual but I cannot find if the client must report anything over the $14,000. Help would be appreciated

Gift tax is imposed only on the donor, not the recipient.

[AZ-Tax]

Form 709, is there a statue of limitation?

Assuming a donor gifted 15K to an individual in 2009 which we all know is over the exemption amount for that tax year. Donor died in late 2014. Can the IRS go back that far?

[DonB]

Assuming a donor gifted 15K to an individual in 2009 which we all know is over the exemption amount for that tax year. Donor died in late 2014. Can the IRS go back that far?

If the donor's estate is below 5.3 million, the IRS would have no reason to look back on such a gift.

[RitaB]

Yes

Gift tax is imposed only on the donor, not the recipient.

Yes, agree, did not read carefully.