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 global non-photo personalized gifts market is highly fragmented due to the presence of numerous small, medium, and large suppliers, including international and regional players.
On the website, customers will find beautiful personalized gifts for newborns, new mothers, new grandmothers, baby showers, birthdays and the holidays.
Personalized gifts range from small impulse items like dog tags, keychains and bookmarks to home accents such as picture frames, cutting boards and home decor, all provided by P.
com provides its customers with an excellent value by offering personalized gifts that are affordably priced, with fast, efficient shipping.
Ongoing partnerships with Disney, Marvel, Sesame Street and Nickelodeon mean that Identity Direct can offer a wide range of personalized gifts featuring children's favorite characters.
GiftWorksPlus offers a complete line of engraved picture frames and personalized gifts for moms, step mothers, and grandmas alike.
com, a web-based retailer of personalized gifts and apparel, today announced it has selected LinkShare.
com)-- An online stationery, invitations and personalized gifts business is ranked within the top five in a nationwide online poll that allows parents to vote for their favorite family places, products and parenting tips.
com Offers Unique Selection of Personalized Gifts for Dad
Corel(R) Corporation (NASDAQ:CREL; TSE:CRE), providers of the award-winning Corel(R) Paint Shop Pro(R) X and Corel(R) Photo Album(TM) 6 digital imaging software packages, offers a number of suggestions for thoughtful, personalized gifts that parents will treasure for years to come.
With that in mind, Corel Corporation, providers of the award-winning Corel(R) Paint Shop Pro(R) X and Corel(R) Photo Album(TM) 6 digital imaging software packages, offers a number of suggestions for thoughtful, personalized gifts that can be bought or created quickly, easily and affordably.

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