Tax
May 12, 2011
Federal Government Targets Gift Tax Evaders
It is no coincidence that the Internal Revenue Service is targeting California residents for failure to pay gift tax. By John Balian and Bruce Givner.
On Dec. 27, 2010, Internal Revenue Service filed a federal court petition to obtain from the California Board of Equalization names and property information relating to real property transfers from parents to children and grandparents to grandchildren. See In Re the Tax Liabilities of John Does, E.D. Cal., No. 2:10-mc-00130-MCE-EFB, Dec. 27, 2011. This information will be used to identify people who transferred property with...
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