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

The annual gift tax exclusion for 2021 is $14,000 per individual, so the founder can give her son up to $14,000 worth of company stock each year without triggering any gift tax or using any of her lifetime gift tax exemption. Therefore, choice B is the correct answer.

A Business Founder Relying on a Lifetime Giving Strategy to Minimize