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gift tax

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.06 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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It is well-established gift tax law that a "condition subsequent" is void for gift tax purposes as contrary to public policy.
McCord: defined-value gifts at the crossroads by Satchit, Vinu / The Tax Adviser
CPAs and their clients can read a comprehensive guide to the federal gift tax at this e-stop.
For gift tax returns: www.709accountant.com by Journal of Accountancy
By transferring interests in an FLP to family members, a donor can apply substantial discounts in valuing the gift for gift tax purposes.
IRS scores significant victories in recent attacks on family limited ... by Richardson, D. Matthew / Los Angeles Business Journal
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