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The general rule is that individuals must pay taxes on gifts to others. However, the IRS provides specific exclusions including the annual exclusion per donee.

The general rule is that individuals must pay taxes on gifts to others. However, the IRS provides specific exclusions including the annual exclusion per donee.

Discuss the fairness of the annual exclusion.

Describe other specific (and legal) techniques that a taxpayer might use to transfer monies or other assets while also avoiding the payment of gift taxes.

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