Share 'The New Lifetime Gifting Rules For The Next Two Years Can Really Help Family Businesses'
The new tax law signed by the President in December gives the owners of Family Businesses probably the biggest tax break to come along in many years.
That break is the lifetime gift tax exemption, now $5 million, for next two years (2011 & 2012); or $10 million for a married couple.
While the estate tax exemption amount has been increasing year to year, the lifetime gift exemption had st…
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