Federal Inheritance Tax Laws 2010, 2011tax.network
inheritance tax. A general property tax formerly met requirements in the United States satisfactorily (see land tax); but as property increasingly assumed forms that escaped taxation, the burden on farms, once the usual form of property, became more than they could carry. A tax on luxuries is...
Relating to the general government or union of the states; based upon, or created pursuant to, the laws of the Constitution of the United States.The United States has traditionally been named a federal government in most political and judicial writings. The term federal has not been prescribed ...
A tutorial on the gift tax: what defines a gift and what transfers are subject to the gift tax, and how to calculate the gift tax.
Noun1.gift tax- a tax imposed on transfers of property by gift during the lifetime of the giver revenue enhancement,tax,taxation- charge against a citizen's person or property or activity for the support of government Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton...
A business which identifies a bona fide, insurable risk, may incorporate a captive under the laws of a jurisdiction[ix] that has captive insurance laws; the captive will be regulated by, and will have to report to, the insurance authorities of such jurisdiction.[x] This corporation would be...
or tax advice. The tax laws change frequently, and neither Tax Analysts Inc. nor the presenters, can guarantee that any information seen or heard is accurate. Also, due to changing tax laws, any information broadcast or downloaded after its original air date may no longer represent the curren...
exchange. It is passed on by inheritance as the fortune of the "big rich". Almost half of the owners of Federal Reserve Bank stock are not Americans. Q: Is the Internal Revenue Service a governmental agency? A: Although listed as part of the Treasury Department, the IRS is actually...
The valuation placed on property by a public tax assessor for purposes of taxation. Assessment The process of placing a value on property for the strict purpose of taxation. May also refer to a levy against property for a special purpose, such as a sewer assessment. ...
A widow(er)’s exemption refers to a reduction of tax burdens on a taxpayer following the death of a spouse. State laws vary but generally allow for a reduction in taxes for a surviving spouse for a certain period. This can help survivors and their dependents financially after a death that...