What GIFT TAX means: A graduated federal tax paid by donors on the value of gifts exceeding a specified amount, which is indexed for inflation. For the current amount, see IRS Publication 950 or Form 709.
- Definition Group Term Life Insurance:
- Dictionary coverage purchased by an employer for a group of employees. Such insurance is renewable on a year-to-year basis and does not accumulate in value; that is, no cash surrender value is built up. The gift tax definition.
- Definition Gain:
- Dictionary The excess of the amount realized from a sale or exchange over the adjusted basis of the property sold or exchanged gift tax explain.
- Definition Gross Rents:
- Dictionary Total income from rents before expenses or the depreciation or cost recovery deduction gift tax what is.
- Definition General Straight-Line Depreciation System:
- Dictionary A MACRS system of depreciation using the straight-line method over the normal MACRS recovery period for the asset gift tax meaning.
How works Gift Tax meaning in Tax definitions G .
