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For tax year
2010, the annual gift tax exemption remains at
$13,000. Therefore, the first $13,000 of gifts to any person are NOT
included in the total amount of taxable gifts.
You can give
gifts to a spouse who is NOT a citizen of the United States up to
$134,000 (other than gifts of future interests in property) and exclude
them from the total amount of taxable gifts.
NOTE: If you are a U.S. person RECEIVING
aggregate foreign gifts exceeding $14,165, you must file an information
return with the IRS.
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