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gift tax
(redirected from Gift taxes)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

gift tax n. Federal tax on large gifts. Gifts to members of a family may be up to $10,000 a year to each plus a life-time $30,000 in gifts without tax. Several states also impose gift taxes. As with all tax questions, professional assistance in gift tax planning is vital.
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These systems are gift tax free systems and the agent briefs the user on the federal gift tax and other relevant gift taxes and gift laws related to it.
Effective Ways to Tread on the Path to Life by Leah R EVAN / Business community
According to the dissents, this interpretation was wrong because the regulations did not say "federal income tax purposes," and the regulation drafters could have specifically excluded federal gift taxes from the scope of the regulations had that been their intent.
Check-the-box regs. do not affect the valuation of LLC interests by Beavers, James / The Tax Adviser
Because closely held businesses may now be worth less than formerly, this might be a good time for tax advisers to explore with owners a chance to minimize estate and gift taxes by gifting shares to younger family members involved in the business.
Gifting shares of stock in a closely held business by Fromm, Steven J. / Journal of Accountancy
 
 
 
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