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Tax Bombs from Family Money Transfers? A Complete Q&A on Gift Tax and Loan Agreements Is giving allowance to parents subject to gift tax? Will I be in big trouble if I deposit 1 million won into my child's account every month? This single article neatly resolves your vague fears regarding bank transfers and cash transactions between family members. Through a Q&A with a tax accountant with 9 years of experience, learn about the gift tax exemption limits, reporting standards for cash transactions to the National Tax Service, smart gifting plans, and how to utilize loan agreements all in one go. Check out more stories shared with Tax Accountant Han Man-eung in [Weolbu Expert Column]. View Column 👉 https://link.weolbu.com/3P6hRYB