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Learn all about gift taxes in this comprehensive video by Attorney Andrew Bethel of Bethel Law. Understand the definition of a gift tax, what constitutes a gift, the annual gift tax exclusion, who needs to report gifts, special rules and exemptions, and more. Ideal for anyone planning to share wealth during their lifetime or those on the receiving end of generosity. Dive into the world of estate planning, taxes, real estate, and finances with us. Don't forget to like, subscribe, and leave your comments below! 00:00 - Intro 00:18 - What is a Gift Tax? 01:20 - What is Considered a Gift? 01:51 - Annual Gift Tax Exclusion 02:32 - Who Needs to Report Gifts? 03:01 - Special Rules and Exemptions 04:08 - Putting a Bow on It Like us on Facebook - / bethellawcorp Check out our website - https://www.bethellaw.com/ Sign up to our newsletter! - https://www.bethellaw.com/newsletter Disclaimer Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.