Gift

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Gift

An asset of any kind that an individual transfers to another individual while neither receiving nor expecting anything in return. A gift one receives is taxable in the United States, but only if its value exceeds $13,000 (in 2009) and is not specifically excluded. For example, gifts between spouses are not taxable under any circumstances. See also: Estate, Gift Tax.

Gift

A transfer of property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings, the latter word being used in connection with contributions to charitable, religious, etc., organizations, whereas the word "gift" refers to transfers of money or property to individuals.
References in periodicals archive ?
THE EXTENT AND NATURE OF CLIENT GIFT-GIVING IN COUNSELING
Each month, from September through December, features a range of gift-giving tips, from 10 clues to get your gift right, to the earliest deadline for ordering personalized gifts in time for delivery before Christmas.
ASI's 2012 corporate gift-giving survey says companies spending an average $26 on each client gift as thanks for their business
Her brother-in-law, Phil Lipman, whose family celebrated only Hanukkah, finds his in-laws' Christmas gift-giving disheartening because it's so regimented.
Cash has a strong gift-giving history in other cultures; as Americans continue to merge cultural traditions, including holiday celebrations, cash is becoming a more socially acceptable gift for any occasion.
About CheckedTwice : CheckedTwice is a free online gift registry for families and friends to create and collaborate on holiday and special occasion wishlists - making gift-giving simple, organized, and fun.
The value of our platform is that in less than one hour, customers can schedule gift-giving for an entire year for all of their clients, employees or sales prospects.
His main sources of evidence are articles on Christmas and gift-giving in popular magazines, advertisements for Christmas gifts, and reports on Christmas retailing in business trade journals published between 1880 and the present.
I'm having a party so I want candies that people can snack on,'' the 33-year old fashion marketer said, and chocolates are ``always a safe bet'' for gift-giving.
In Japan, gift-giving at first meetings is the norm, and consultants advise that you offer a high-quality gift bearing a prestigious designer logo or brand name.
com is a gift management platform that enables professionals to pre-plan and manage all of their gift-giving needs for an entire year.