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gift tax

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 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.
Pierre filed a gift tax return for 2000 that reported the gifts of the membership interests to the trusts.
Estate and gift tax valuation practices can include discounts for a lack of controlling interest as well as for a lack of marketability due to the limited market for such shares.
 
 
 
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