Clawing Back at Clawback

Clawing Back at Clawback

There may be a flip side to this tax, if it exists: reducing taxable gifts by its actuarial present value


We’re all aware that lifetime taxable gifts of up to $5.12 million can be made through the end of 2012 without incurring any federal gift tax. But, there’s a debate raging over whether a so-called “clawback” tax could expose to estate tax gifts that were sheltered from gift tax by the $5.12 million applicable exclusion

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