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▷ ▶ Gift Tax Flow Chart SelectSmart.com free Education flowcharts and decision trees.
A SelectSmart.com Flowchart by Josh87. See Josh87's 4me blog page.
Viewed 341 times. Created December 2013.
This SelectSmart.com Education flowchart, a free online decision tool is a creation of Josh87 and for amusement purposes only. The implicit and explicit opinions expressed here are the author's. SelectSmart.com does not necessarily agree.
EducationGift Tax Flow Chart
By Josh87
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Help to determine gift tax consequences.

               
Is there a gift? 2501, 2502, 2505. Also see POA 2514, Disclaimers 2518.
YES
Was the gift less than $14,000? 2503(b) Or Charitable (2522) or Marital (2523)?
NO
Was the gift for education or medical and directly to the institution? 2503(e)
NO
There is a taxable gift that is carried over to the Estate Tax Return. 2001(b)(1)(B) See GST 2601.
 


NO

YES

YES





 
Continue to Estate tax.
The rate is calculated using 2502. Applied the credit using 2505.