A business founder relying on a lifetime giving strategy to minimize the taxes on the estate she is passing on to her son can give him a maximum gift of ________ in company stock each year,tax exempt.

Question

Quizplus · Accepted Answer

As of 2023, the annual gift tax exclusion allows an individual to give up to $17,000 per recipient per year without incurring gift tax, not $10,000. However, the question may be based on outdated information or a hypothetical scenario.

A Business Founder Relying on a Lifetime Giving Strategy to Minimize