A business founder relying on a lifetime gifting 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.
A) $6,000
B) $13,000
C) $18,000
D) $24,000

Question

Quizplus · Accepted Answer

The maximum gift that can be given to a single recipient tax exempt is currently $15,000 per year, so the closest choice is B, which is $13,000. The answer would vary if there were any previous gifts given or if the gift is split between multiple recipients.

A Business Founder Relying on a Lifetime Gifting Strategy to Minimize