Type 2 diabetes

Ways That You Can Prevent Type 2 Diabetes

Some health professionals at the front lines of the war on diabetes are pulling no punches in their assessment of the need for strong action by individuals to take care of their health.

In advance of the meeting of the American Diabetes Association this month, the Lancet journal ran an editorial highlighting the fact that while much progress has been made in the area of medicines that treat diabetes, far less has been made when it comes to lifestyle changes.

Gift Tax basics

What You Need to Know About the Federal Transfer Tax System: Gift Taxes

First instituted by the Revenue Act of 1924, gift taxes are incurred when there is a voluntary transfer (i.e., gift) of cash or other property from one individual to another that is less than fair market value.

The Internal Revenue Service (IRS) defines fair market value as, “… the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.” Each individual is allowed to donate up to $13,000 in cash or property per donor annually without facing a tax, a practice commonly referred to as the annual exclusion.