Q. Can you say what the IRS gift tax law is?

A. That’s a neat question and way too complex for me to answer in this column. Here is what I can say: In 2015, the gift tax exclusion is $14,000. That is, a tax payer can give $14,000 to whomever he or she wishes without filing a form 709 which is the gift tax return. A husband and wife can join and give double that, or $28,000 to whomever they want. The lifetime gift tax exemption in 2015 is now $5,430,000 per taxpayer. For further information or for answers that are specific to your particular needs, you should consult your CPA or your attorney (if he or she handles such matters). You can also go to the IRS’ website at www.irs.gov.