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 Golden Parachute:
- Dictionary An agreement entered into by a corporation with its top executives to make payments to the executives in the event of a change in corporate control. Such payments are treated as compensation gift tax definition.
- Definition General Depreciation System:
- Dictionary used method for computing MACRS depreciation. Personal property is depreciated using the declining-balance method (double or 150 percent, depending on the recovery class) switching to straight line gift tax explain.
- Definition Government Bonds Issued At A Discount:
- Dictionary Government bonds (Series E and EE) are issued at a discount and do not pay interest during the life of the bond. Instead, the bonds are redeemable at increasing fixed amounts. Thus, the difference gift tax what is.
- 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 meaning.
How works Gift Tax meaning in Tax definitions G .
