$13.6M
Lifetime Exclusion
Gift tax is widely misunderstood. For most people it isn't a payment at all: it's a reporting event that draws down your lifetime estate and gift tax exclusion (currently $13.61M per individual). The stakes are in the paperwork, because the return is the permanent record of what you've used.
We prepare IRS Form 709 with the documentation and valuation support needed to defend your transfers against IRS re-characterization. Every dollar of your lifetime exclusion gets accounted for, and none of it gets wasted.
How we deliver this service.
A rigorous, phase-driven process ensures nothing is missed and every position is defensible.
Gift Event Audit
We review the asset transfer (cash, equity, real estate) to establish fair market value and any available discounts.
Exclusion Exhaustion Scan
We review your past Form 709 filings and calculate your remaining lifetime exclusion and annual exclusion use.
Technical Valuation Support
We work with appraisers to obtain 'qualified appraisals' for non-cash gifts, so the valuations hold up under IRS audit.
Form 709 Preparation
Senior practitioners prepare the gift tax return, including the supplemental schedules and disclosure notes complex transfers require.
GST Tax Allocation Modeling
We manage the Generation-Skipping Transfer (GST) tax allocations that protect multi-generational trusts and assets from double taxation.
Permanent Reporting Archive
You receive an organized file for the family records: all appraisals, filed returns, and lifetime exclusion tracking.
Wealth Transfer
Defending the valuation discount.
The IRS looks hard at valuation discounts on gifts of closely-held business interests or family limited partnership stakes. We substantiate these positions properly: every gift is reported with a 'qualified appraisal' that meets the literal requirements of IRC § 2501.
Generic filings lean on estimated values. Ours don't. That difference is what carries a transfer through a federal examination, whether it comes during your lifetime or in a post-mortem estate audit.
Specializations: 529 plan super-funding, annual exclusion gifts, and multi-generational trust reporting.
Tailored for every client profile.
Planning a large gift?
A wealth transfer is only as safe as the return that reports it. Get the documentation right and the IRS has nothing to challenge.
Specific deliverables, precisely documented.
“Keeping wealth in the family is, above all, a reporting exercise. We make sure your lifetime transfers stand up to federal scrutiny.”
Technical clarifications.
Answers to the most frequently asked questions about how this service works in practice.
Generally, whenever you make a gift to any individual (other than your spouse) that exceeds the annual exclusion ($18,000 for 2024), or when you make a split-gift with a spouse.
For most people, no. The gift simply reduces your lifetime exclusion ($13.61M). You only owe tax out of pocket once your lifetime transfers exceed that exclusion.
The IRS requires a 'Qualified Appraisal' for non-cash gifts. We work with specialist appraisers and check their reports against the technical requirements, because an appraisal that falls short invites a re-valuation audit.
Yes. Unlimited payments made *directly* to a qualifying educational or medical institution do not count toward your lifetime exclusion and do not require a gift tax return.
Related services.
Two Tax Systems, One Team
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