Add on two more gift tax exclusions.

This article discusses two additional gift tax exclusions that can benefit small business owners. The first exclusion allows for the payment of a relative's college tuition or medical expenses directly to the school or healthcare provider, exempting it from gift tax. The second exclusion pertains to qualified medical expenses paid on behalf of someone else. The article also briefly mentions the tax benefits of net operating losses (NOLs) for small businesses, noting recent changes in the tax law. It advises small business owners to stay informed as Congress may revisit these changes before they expire. [Extracted from the article]