When gifting assets this holiday season, here is what producers need to keep in mind

Christmas is just around the corner. With that comes the joy of gift giving, but not according to the IRS, which has specific rules when it comes to gifting assets, either as part of an estate plan or for purposes of setting up a business.

Roger McEowen with Washburn School of Law spoke with RFD-TV’s own Suzanne Alexander on the definition of a gift, examples, and what producers need to keep in mind.