The Gift Tax Essay -- Accounting

The Gift Tax One of the valuatees that we went over in come apart wasgift taxes. This is a tax that is implied whenproperty, personal items, or money with a value of over10,000 dollars is given from one person to another. There ar a few exceptions to this law such as giving tonon-prophit organizations or the donation is goingtowards an education or tuition. I feel that this is agood tax to have because it will keep greedy muckle fromtransferring their money around to evade paying taxes onit.Gift tax is will make sure that all citizens paytheir fair sum up of taxes which is decided by theirincome. This tax is collected and responsible to thedonor. This person mustiness file a gift - tax return withthe Internal revenue Service. There are little ways toex...