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 ?
We appreciate the time you took to develop and present these activities and the extra effort of sharing them with us.
The Women's Basketball Coaches Association (WBCA) is honored to present and share the world of women's basketball to fellow coaches and athletic directors at all levels through the pages of Scholastic Coach and Athletic Director.
5), the authors present the characteristic features of systems working in the dynamic regime, evaluation of such data and condition of testing.
Immediately following the euphoric victory over the NYPD, Baldwin presents us with a failure of Malcolm X's rhetoric to fully address Black female experience.
8: Florida Studio Theatre's Goldstein Cabaret presents G.
Baldwin Hills Crenshaw Plaza and the Jump for Joi Foundation presents its fifth annual Pumpkin Patch and Harvest Festival, featuring face painting, pumpkin carving demonstrations, storytelling, sampling of pumpkin baked goods, arts and crafts and pumpkins for sale, 10 a.
The practice of indiscriminately presenting oneself to receive Holy Communion, merely as a consequence of being present at Mass, is an abuse that must be corrected (cf.
Therefore, individual funds that are required to be presented as major funds have passed a quantitative test that ordains them as "material" in addition governments may choose to present other funds separately, based on the concept that some may be considered by management to be significant qualitatively to financial statement users even if they are not significant quantitatively.
All in all, this study presents a useful "etat present" of how far Helisenne studies have come and also suggests new directions for future research.
Present Dangers, a volume edited by Robert Kagan of the Carnegie Endowment and William Kristol of the Weekly Standard, is a salvo aimed squarely at those who are skeptical that this moment can endure and that the United States requires a Roman solution for the needs and health of the American republic.
Stavig does not present the context for his study, and attempts to present evidence of change without a baseline.
The simplicity of PRESENTS FOR PATIENTS is that its goal is so easily achieved.