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 ?
Your digital content is then applied to the products of your choosing and you have personalized gifts that are sure to please.
Recently the Company formally named its service philosophy "We Care" and introduced monthly celebrations to recognize outstanding employees with personalized gifts and testimonials about individual Associates' commitment to the company's "We Care" work ethic.
Cole's personalized gift business, Things Remembered, serves customers through 770 locations nationwide, catalogs, and the Internet at http://www.
Blooming Cookies Personalized Gifts is a national gift company specializing in the sale and production of custom gifts and arrangements.
A Fast and Easy Way to Create Personalized Gifts for Any Age - Right From the Comfort of Home
So give distinctive personalized gifts, save money and actually have time to enjoy the season.
11, Wescom will host children from a local orphanage, Hillsides, for a Christmas-themed afternoon, featuring Santa Claus, a choir, and personalized gifts (contributed from Wescom employees) for each child.
Cole National Corporation (NYSE: CNJ), one of the nation's leading retailers of optical services through Cole Vision Corporation and personalized gifts through Things Remembered, will host a conference call at 10:30 a.
For the first time, consumers and companies in China can purchase roses embossed with special messages and images, which make unique personalized gifts and elegant corporate promotional tools," said Blaine Harris, president and chief executive officer of Speaking Roses International, Inc.
Our mission is to provide families and organizations a resource for personalized gifts and innovative alternatives to traditional fundraising/gift giving.
VoiceQuilt -- A Personalized Gift That Shows You Really Care

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