Gift Tax Sample Clauses

Gift Tax. Transfers of your IRA assets to a named Beneficiary made during your life and at your request, may be subject to federal gift tax under IRC Sec. 2501.

Gift Tax. Transfers of your Xxxx XXX assets to a beneficiary made during your life and at your request may be subject to federal gift tax under IRC Sec. 2501.

Gift Tax. Transfers of Xxxxxxxxx ESA assets to a death designated beneficiary made during the designated beneficiary’s life and at his or her request or because of the designated beneficiary’s failure to instruct otherwise, may be subject to federal gift tax under IRC Sec. 2501.

Gift Tax. Transfer of your Xxxx XXX assets to a named Beneficiary or Beneficiaries made during your life and at your request, may be subject to federal gift tax under section 2501 of the Internal Revenue Code. However, the naming of a Beneficiary or Beneficiaries generally will not subject you to gift tax liability.

Gift Tax. Transfer of your IRA assets to a named Beneficiary or Beneficiaries made during your life and at your request may be subject to federal gift tax under section 2501 of the Code. However, the naming of a Beneficiary or Beneficiaries generally will not subject you to gift tax liability.

Gift Tax. If you elect during your lifetime to have all or any part of your account payable to a beneficiary at or after your death, the election will not subject you to any gift tax liability.

Gift Tax xxx.xxxxxx.xx To avoid wrong computation of gifts made it is desirable to have a valuers report. It would help to avoid payment of excess tax, penalties and prosecution. This is very important whenever movable/immovable properties are transferred to relatives and it is likely to attract provision of deemed gift. As part of tax planning. Whenever a will is made life interest are created in it, it is desirable to take advantage of valuers report more particularly so whenever assets are inherited.

Gift Tax. If you elect during your lifetime to have all or any part of your

Gift Tax. Section 2505(a) is amended by adding at the end the following new flush sentence: ‘‘For purposes of applying paragraph (2) for any calendar year, the rates of tax in effect under section 2502(a)(2) for such calendar year shall, in lieu of the rates of tax in effect for preceding calendar periods, be used in de- termining the amounts allowable as a credit under this section for all preceding calendar periods.’’.

Gift Tax. Transfers of CESA assets to a death Designated Beneficiary made during the Designated Beneficiary’s life and at his or her request or because of the Designated Beneficiary’s failure to instruct otherwise, may be subject to federal gift tax under IRC Section 2501.