Gift Taxes If you

Estate and Gift Taxes Home | Accessibility | Tax Stats | About IRS | Careers | FOIA | The Newsroom | Site Map | Español | Help Search for... within: IRS Site Forms & Publications Advanced Search Tips for successful searching Home Businesses Charities & Non-Profits Corporations International Businesses Partnerships Small Bus/Self-Employed Farmers Industries/Professions International Taxpayers Small Business Workshop Small Business Products Online Classroom Partners & Stakeholders Join Mailing List State Links Electronic Services More Topics . . Compliance & Enforcement Contact My Local Office e-file Forms and Publications Frequently Asked Questions Taxpayer Advocate Where To File Estate and Gift Taxes If you give someone money or property during your life, you may be subject to federal gift tax. The money and property you own when you die (your estate) may be subject to federal estate tax. The purpose of this web page is to give you a general understanding of when these taxes apply and when they do not. It explains how much money or property you can give away during your lifetime or leave to your heirs at your death before any tax will be owed. News and Events: Federal Transfer Certificates (International) Estate and Gift has received many questions about Federal Transfer Certificates (regarding international issues). For instructions about obtaining  transfer certificates, contact: I.R.S. Estate Tax Group 1114 International Programs SBSE; SE:S:SP:IN:T1 1111 Constitution Ave., N.W.; LE-4435 Washington, DC 20224.   For questions about transfer certificates or about the estate and gift taxation of nonresidents of the United States, use (202) 874-1660.  For all other estate and gift taxation questions, use (800) 829-1040. The annual exclusion for gifts made in 2004 and 2005 will remain at $11,000. Form 706 for dates of death occurring in 2004 is now available.  The instructions (which include rate schedules) may be found at the "Forms and Publications" link, below. There are few significant changes to Form 706 from the 2002 version.  The one change that will impact all filers is the reduction in the allowable State Death Tax Credit to 50% of the amount computed under IRC §2011(b).  Note :  The credit is repealed for decedents dying in 2005 and later years. NOTE regarding Extensions of Time to File/Pay U.S. Estate Tax (Form 4768, Forms and Publications link, below).  Some errors are being made regarding completion and filing of this form.  Be sure to file the second page and to fill in the decedent's name and social security number. Important information for Form 709/709A: Time for filing clarification :  Page 4 of the instructions for Form 709 states (Under When to File ) that "...you must file the 2003 Form 709 on or after January 1...).  It may not be clear, but this means that returns should not be filed until January 1 through the due date of the year following the year in which the gift is made.  In other words, any gifts made in 2004 will not be due (and cannot be processed) until after December 31, 2004.  Individuals who make certain qualifying gifts are required to file Form 709, United States Gift Tax Return.   The 2003 version and instructions are now available at the "Forms and Publications" link, below. Notice - Form 709-A is Now Obsolete. Form 709-A, United States Short Form Gift Tax Return, is now obsolete and should not be filed. All gift tax returns must now be filed using Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return . -- 21-OCT-2003. In other news:  Form 709 has been modified for the 2004 filing season (for gifts made in 2003).  Click "Forms and Publications" below for the new form and instructions (which includes the rate schedule). If you are filing a request for an extension of time to file an estate or gift tax return, remember that the request must go to the Cincinnati Service Center (see the address, below), even if you file your income or other tax returns elsewhere. Links Introduction Estate Tax Gift Tax 2002 Tax Changes Frequently Asked Questions Forms and Publications Related Links Where to File and Contact Information Disaster Assistance Links FEMA  (Federal Emergency Management Agency) SBA  (Small Business Administration) Estate and Gift Taxes Introduction No Tax Owed Most gifts are not subject to the gift tax and most estates are not subject to the estate tax. (Only about 2% of all estates are subject to the estate tax). For example, there is usually no tax if you make a gift to your spouse or a qualified charity or if your estate goes to your spouse or qualified charity at your death. If you make a gift to someone else, the gift tax does not apply until the value of the gifts you give that person is more than the annual exclusion for the year.  Even if tax applies to your gifts or your estate, it may be eliminated by the Unified Credit , refer to Publication 950 , Introduction to Estate and Gift Taxes. No Return Needed Generally, you do not need to file a gift tax return unless you give someone, other than your spouse, money or property worth more than the annual exclusion ($11,000 in 2002, 2003, 2004 and 2005) for that year. Although a return may be required, no actual gift tax will become payable until the cumulative lifetime taxable gifts exceed the applicable exclusion amount. The donor is primarily responsible for the payment of the Gift Tax.  An estate tax return generally will not be needed unless the estate is worth more than the applicable exclusion amount ($1,000,000 for 2002) for the year of death. This amount is shown in the section under Unified Credit .  To reemphasize:  Most relatively simple estates (cash, publicly traded securities, small amounts of other, easily valued assets and no special deductions or elections or jointly held property) with a total value under $1,000,000 and a date of death in 2002 or 2003 and $1,500,000 and a date of death in 2004 or 2005 do not require the filing of an estate tax return. No Tax on the Person Receiving your Gift or Estate The person who receives your gift or your estate generally will not have to pay any gift tax or estate tax because of it. In addition, that person will not have to pay income tax on the value of the gift or inheritance received. NOTE: There are some technical applications for "Income in Respect of Decedent" under §691 that will have to be considered for income earned but not otherwise taxed prior to the date of death. No Income Tax Deduction Making a gift or leaving your estate to your heirs does not ordinarily affect your federal income tax. You cannot deduct the value of gifts you make (other than gifts that are deductible charitable contributions). If you are not sure whether the gift tax or the estate tax applies to your situation, refer to Publication 950 , Introduction to Estate and Gift Taxes. Unified Credit A credit is an amount that eliminates or reduces tax. The unified credit applies to both the gift tax and the estate tax. You must subtract the unified credit from any gift tax that you owe. Any unified credit you use against your gift tax in one year reduces the amount of credit that you can use against your gift tax in a later year. The total amount used against your gift tax reduces the credit available to use against your estate tax. In 2001, the unified credit was $220,550, which eliminated taxes on a total of $675,000 (applicable exclusion amount) of taxable gifts and taxable estate. These amounts were increased for gifts made, and for estates of decedents dying, after 2001. The following shows the unified credit and the applicable exclusion amount for the calendar year in which a gift is made or a decedent dies. For Gift Tax Purposes in years 2002 and 2003 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in years 2002 and 2003 the Unified Credit is $345,800 and the Applicable Exclusion Amount is $1,000,000. For Gift Tax Purposes in years 2004 and 2005 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in years 2004 and 2005 the Unified Credit is $555,800 and the Applicable Exclusion Amount is $1,500,000. For Gift Tax Purposes in years 2006, 2007 and 2008 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in years 2006, 2007 and 2008 the Unified Credit is $780,800 and the Applicable Exclusion Amount is $2,000,000. For Gift Tax Purposes in year 2009 the Unified Credit is $345,800, the Applicable Exclusion Amount is $1,000,000. For Estate Tax Purposes in year 2009 the Unified Credit is $1,455,800 and the Applicable Exclusion Amount is $3,500,000. Estate Tax Estate tax may apply to your taxable estate at your death. Your taxable estate is your gross estate less allowable deductions. Gross Estate Your gross estate includes the value of all property in which you had an interest at the time of death. Your gross estate also will include the following. Life insurance proceeds payable to your estate or, if you owned the policy, to your heirs. The value of certain annuities payable to your estate or your heirs. The value of certain property you transferred within 3 years before your death. Trusts or other interests established by you or others in which you have certain powers. Taxable Estate The allowable deductions used in determining your taxable estate include: 1) Funeral expenses paid out of your estate, 2) Debts you owed at the time of death, and 3) The marital deduction (generally, the value of the property that passes from your estate to your surviving spouse). For additional information, refer to Instructions for Form 706 . Gift Tax The gift tax applies to the transfer by gift of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return. If you sell something at less than its full value or if you make an interest-free or reduced interest loan, you may be making a gift. The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. Gifts that are not more than the annual exclusion for the calendar year. Tuition or medical expenses you pay for someone (the educational and medical exclusions). Gifts to your spouse. Gifts to a political organization for its use. Gifts to qualified charities (a deduction is available for these amounts). Annual Exclusion A separate annual exclusion applies to each person to whom you make a gift. For 2002, 2003, 2004 and 2005, the annual exclusion is $11,000. Therefore, you generally can give up to $11,000 each to any number of people in 2002, 2003, 2004 and 2005 and none of the gifts will be taxable. If you are married, both you and your spouse can separately give up to $11,000 to the same person in 2002, 2003, 2004 or 2005 without making a taxable gift. If one of you gives more than $11,000 to a person in any one of  these years, refer to gift splitting in Publication 950 , Introduction to Estate and Gift Taxes. Gifts to individuals are not deductible on the donor's income tax returns. Related Links Legal Information Institute Thomas.gov (Legislative Information Site) Where to File and Contact Information Use the below mailing address for all tax forms filed at the Cincinnati Service Center including Estate and Gift tax returns: Internal Revenue Service Cincinnati, OH 45999 To mail FedEx packages, please use the following street address: Internal Revenue Service 201 W. Rivercenter Blvd Covington, KY 41011 For questions about return accounts and extensions only, (no tax law questions) call: 1-866-699-4083. Many general estate and gift tax law questions can still be answered by calling: 1-800-829-1040.  You may also find many answers to your questions by visiting Forms and Publications . Caution: DO NOT submit tax related questions below. If you have a tax question that was not answered here or by checking Frequently Asked Questions, above, please call our toll-free tax assistance line at 1-800-829-1040 for individual tax questions or 1-800-829-4933 for business tax questions. We will not respond to tax related inquiries submitted on this page. If you have suggestions or comments (or suggested FAQs) for the Estate and Gift Tax web site, please contact us by clicking here:  CONTACT ESTATE AND GIFT TAX .  We will not be able to respond to your email , but will consider it when making improvements or additions to this site. Contact Us | IRS Privacy Policy

Housewarming Gift Basket Housewarming

..:: Housewarming Gift Basket :: Fair Trade and Socially Conscious Gifts Online ::.. Shopping Cart Customer Service Contact Us Privacy and Security Ordering and Shipping Fair Trade Coffee Shop Fair Trade Chocolate Gift Baskets Book Shop Crafts Clothing & Accessories Jewelry Bath and Beauty College Shop Shop by Region Global Exchange Originals Gift Certificates Donate/Memberships Coffee Shop Fair Trade Coffee Fair Trade Tea Fair Trade Chocolate Gourmet Foods Book Shop Books Films Audio Book Shop Gifts Crafts Kitchen and Dining Home and Garden Bath and Beauty Candles and Incense Stationery and Journals Chimes and Musical Instruments Dolls and Toys Clothing and Accessories Clothing and Sneakers Bags and Wallets Jewelry Shop Earrings Necklaces and Bracelets Rings and Pins Jewelry Boxes and Accessories Men's Jewelry Shop by Birthstone Gift Baskets Recipient Baskets Occasion Baskets Gourmet Gift Baskets Gift Packs All Gift Baskets For Her For Him College Students Kids and Baby Wedding and Anniversary New Baby Birthday Holiday Housewarming Under $50 $50-$75 $75+ Ordering and Shipping Customer Service Frequently Asked Questions Get Involved Press Room Gift Registry | Corporate Gift Program | Affiliate Program | About Fair Trade | About Us Home > Shop by Price > $75+ > Housewarming Gift Basket Housewarming Gift Basket Shower new home dwellers with this unique combination of essential housewares. A natural hand-woven kaisa grass basket from Bangladesh is filled with: An Applique Potholder from Nepal Vetiver Sachets from Indonesia Decorative Metal Hook from Haiti Set of three Dishclothes from Nepal Two Hand-painted Ceramic Mugs from Thailand Certified Fair Trade and Organic Choice Tea (Your choice of flavor) Napkin Holder from El Salvador Tablerunner from Nepal Every Item has a story : We include a card with our items to share the story behind what makes each one special. [ read the story ] $99.00 Item Code: GB6012 Quantity Choose a Choice Tea CT Orange Spice CT Darjeeling CT Asian Blend Green CT Jasmine Green CT Green Moroccan Mint CT Earl Grey CT Irish Breakfast CT English Breakfast CT Black CT Decaf Earl Grey CT Decaf Green CT Decaf Mango Ceylon Our checkout process is secure and encrypted. Learn more . What will my shipping cost? Related Items: Hemp Potholder Ovenmitt Set $15.00 Obeechi Wood Salad Bowl & Accessories Dhukuti Placemat & Napkin Sets from Nepal JavaScript is currently disabled in your browser, so we cannot check your current cookie-enable setting. Our shopping cart requires cookies to be enabled in order to remember all the items in your cart. If you have trouble adding items to your shopping cart , click here to learn how to enable javascript and cookies in your browser or call us at (800) 505-4410. Global Exchange Implements the principles of socially and economically responsible business by operating according to Fair Trade Criteria. Shopping Cart | Customer Service | Contact Us | Privacy and Security | Ordering and Shipping Gift Registry | Corporate Gift Program | Affiliate Program | Get Involved | About Fair Trade | About Us © Global Exchange 2004 - 110 Capp Street, 2nd Floor - San Francisco, CA 94110 t:800-505-4410 f:415-861-0600

Christmas Gifts More Choices

Christmas Gifts in Christmas Christmas Gifts Login | How Can You Help? Section : Please Select Books Cameras Cars Computers Electronics Entertainment Fashion & Lifestyle Finance Games Home & Garden Phones Sport Travel Websites this section Review Centre " src="http://images1.reviewcentre.com/rc/BlackArrow.gif" width='15' height='7' Christmas " src="http://images1.reviewcentre.com/rc/BlackArrow.gif" width='15' height='7' Christmas Gifts More Choices Charity Christmas Cards Christmas Break Christmas Catalogues Christmas Cruises Christmas Decorations Christmas Gifts Christmas Hamper Christmas Light Christmas Party Christmas Presents Christmas Trees Hamper CHRISTMAS GIFTS Christmas gifts Christmas Gifts Football Club Shares for Christmas Make them a shareholder in their club as a great gift. Choose from Spurs, West Ham, Newcastle, Villa, Birmingham, Celtic, Rangers and Saints. Receive a gift pack, share certificate and perks. www.framedshare.co.uk Shop for Christmas Gifts at QVC Shop for Christmas Gifts at QVC. 30 day money-back guarantee. www.qvcuk.com Christmas Gift Ideas at Forzieri.com Shop from a unique and extensive selection of designer ties, handbags, wallets, scarves, briefcases, jewellery, watches, leather goods and more from the finest brands of Italy. www.forzieri.com Buy Great Christmas Gifts from Park Plan ahead and save with PARK for a perfect Xmas. Order for yourself or your family and friends, from the comfort of your own home. Spread the cost in easy weekly payments. www.getpark.co.uk Quality Handmade Leather Christmas Gifts - Aspinal Beautiful, handmade leather photo albums, notebooks, wallets/purses, jewel boxes, portfolios & fine leather accessories & gifts for men & women - at affordable prices beautifully wrapped. Exquisite. www.aspinaloflondon.com Find Christmas Gifts on eBay.co.uk Find the perfect gift on eBay.co.uk, the UK's largest online marketplace. www.eBay.co.uk Star Wishing - Name Someone a Star for a Gift Name a star and add a special wish. Personalised gifts for all occasions. Online star catalogue. Come see why our customers love us. www.starwishing.com Christmas Gift Catalogue at Great Universal 20% off for new customers. Visit Great Universal for thousands of fantastic Christmas gift ideas for the whole family - traditional to unusual - plus a chance to win a brand new Vauxhall Meriva. www.greatuniversal.com Christmas Gifts - Unique and Traditional Find the perfect present online. Over 500 great gift ideas at competitive prices. Secure shopping, fast delivery, quick and easy ordering. ExpertShopper.com Christmas Flowers - Same Day Delivery Send christmas flowers, anywhere in the world. Same day delivery, phone or order online with pictures and email notification when flowers delivered. Which? Web Traders Approved. www.natural-link-uk-flowers.com List Your Site for keyword = "Christmas Gifts" Shopping Directory Activity Breaks Beauty Book Clubs Buying Car Car Accessory Caravans Careers Cars Cheap Holidays Christmas Gifts Computer Games Computer Hardware Computer Software Cruise Deals Digital Cameras DIY Entertainment Far East Holiday Fashion Films Finance Food Gadgets Gardening Golf UK Health Hifi High Street Shops Holiday Deals Home Internet Mobile Phone Motorcycles Mp3 Downloads Music Musical Instruments Office Equipment Online Shopping Parenting Personal Insurance Pets Photography Restaurants Shooting Ski Travel Insurance Sportswear Television Toys Utility Bills Water Sports Weddings Privacy Policy Terms & Conditions Site Map Contact Consumer Reviews in Deutschland English © 1999-2005 Resource Team Ltd UK. All rights reserved.

Birthday Gifts -- Birthday

Birthday Gifts – Unique Birthday Gifts – Personalized Birthday Gifts - Unique Gifts, Personalized Gifts, Luxury Gifts - RedEnvelope -- Gifts Gifts by Occasion Birthday Gifts -- Birthday Gifts – Unique Birthday Gifts – Personalized Birthday Gifts -- Find exceptional birthday gifts at RedEnvelope. Whether you are searching for unique birthday gifts like our birthday cigars or personalized birthday gifts like our inspiration paper weights , finding a gift is easy and affordable when shopping our assortment. Our selection of unique birthday gifts includes: gourmet birthday baskets , asara cashmere gloves for her , greenway golf club head covers for him and kids' mosaic stepping stone to name just a few. So, make the most of their big day with RedEnvelope's unique birthday gifts . After all, their birthday only happens once a year. Favorites - Birthday Presents Looking for birthday gift ideas? Our assortment of birthday presents is the perfect source for birthday gift ideas and birthday gifts for mom. Birthday Gifts for Her Birthday Gifts For Her, Birthday Gifts for Women, and Wife Birthday Gifts are one of our specialties. You can shop our birthday gifts for her in a variety of ways. Birthday Gifts for Men Birthday Gifts for Men, Birthday Gifts For Him and Birthday Gifts for Dad are one of our specialties. You can shop our birthday gifts for men assortment in a variety of ways. Kids Birthday Gifts Kids Birthday Gifts, Birthday Gifts For Kids and Child Birthday Gifts are one of our specialties. You can shop our kids birthday gifts assortment in a variety of ways. Friendship - Great Birthday Gifts Great Birthday Gifts, Birthday Gifts For Friends and Birthday Ideas For Friends are one of our specialties. You can shop our great birthday gifts assortment in a variety of ways. -- Featured Products: i love you with all of my heart story of a lifetime dream catcher necklace sliding locket necklace personalized candle Be sure and review our other birthday gift collections: baby gifts , birthday gifts , birthday presents , birthday gifts for her , birthday gifts for men , great birthday gifts , kids birthday gifts , romantic gifts , wedding gifts , graduation gifts , gifts for her , gifts for men , birthday gifts , gifts for dad , jewelry gifts , new baby gifts , gifts for mom , affordable gifts , anniversary gifts , gifts for him , gifts for women , new baby gifts , men's accessories , wedding anniversary gifts. -- Gifts by Occasion • Gifts by Recipient • Online Gifts by Shops • Corporate Gifts Last Minute Gifts • Anniversary Gift Guide • Birthflowers Gift Guide • Birthstones Gift Guide -- ©2005 RedEnvelope, Inc. All rights reserved. The RedEnvelope mark and logo are trademarks of RedEnvelope, Inc. Index .

College Gift

Mary Baldwin College - Gift Shop Items MARY BALDWIN COLLEGE GIFT SHOP Alumnae/i Home | Order Form Duffey Print Ordering Details Richmond, Virginia native Parks P. Duffey, III created this unique MBC lithograph. Limited edition is signed by the artist. 23"x29" Fitzpatrick MBC Campus Print Ordering Details One of the prettiest renderings ever created of Mary Baldwin by Virginia artist, Eric Fitzpatrick. Superb price for a unique size 17" x 7" Grafton Reflections For a Lifetime Ordering Details Beautiful thoughts to enrich your spiritual journey. A reprint of Dr. Grafton\'s timeless prayers. Originally printed in 1946. Traditions Poster Ordering Details Cherish your Mary Baldwin memories with this poster of the Administration Building. Perfect for an office or dorm room. Size: 20" X 28" Ladies Sport Anklet Socks Ordering Details Run, walk, and play in style. Each ankle band features the MBC logo in green embroidery. Ultra plush "Cushees" are 85% Hi-Bulk cotton, 15% nylon, and fit shoe sizes 6 to 10. Made in the U.S.A. MBC Alumna Polo Shirt Ordering Details This 100% cotton, 7 oz. white pique polo is an instant classic, featuring the new College logo with Alumna in black and gold embroidery. MBC Apron Ordering Details Full-length apron (20" x 30") with adjustable straps and two front pockets. 65/35 polyester/cotton in forest green with MBC logo embroidered in white. MBC Gym Shorts Ordering Details Not too long, not too short, our navy gym shorts fit just right for any activity. 100% pre-shrunk cotton with inside drawstring and two side pockets. MBC logo silk-screened in white. "Cotton Deluxe" fabric made in the U.S.A. MBC Hat Ordering Details Brushed cotton baseball hat in white or khaki with green embroidery. MBC Polar Fleece Pullover Ordering Details Warm and cozy for cool days and evenings. Light grey fleece with sidepockets and zip-up collar. MBC logo embroidered in green. 100% polyester. Night Shirt Ordering Details This coverup/nightshirt is perfect for beach or bed. White with Mary Baldwin College seal. One size fits all. Sweat Shirt Ordering Details Keep yourself warm when the cold weather arrives in this green sweatshirt with the College seal. T-shirt Ordering Details This popular 100% cotton preshrunk shirt is not for kids alone. Virginia Peanuts Ordering Details Gourmet Virginia Peanuts are great for entertaining and for gifts. Boston Rocker Ordering Details Captain's Chair Ordering Details The black lacquer finish and hand painted gold trim combine with timeless design for a truly elegant chair. The College seal is featured in gold on the back of the chair. Allow six to eight weeks for delivery. Shipping is $50.00 per chair; $100 per rocker. Afghan Ordering Details Perfect for your home. 100% cotton afghan featuring nine campus scenes. Navy or hunter green bordered with jaquard woven design. Machine washable. Care instructions included. 48"x70". Apple Spreaders Ordering Details Very cute! Set of four spreaders with resin apple handles by Boston Warehouse. Ham & Jam Bookends Ordering Details Back by popular demand! Black cast iron bookends by Virginia Metalcrafters. Shipping $10.00. MBC Charms Ordering Details Add one of these precious charms to your own necklace or bracelet and start reliving those MBC days. Great gift idea too. MBC Flag Ordering Details Show your school spirit wth this handsome green and white flag. 28"x 42" MBC Logo Tote Bag Ordering Details Sturdy canvas tote with front pocket and single snap closure. Trimmed in green. 16" x 21" Ornaments Ordering Details Put Mary Baldwin College on your tree with these hand-crafted 3-D ornaments of the Alumnae/i House and Administration Building. Gift boxed. Pewter Jewelry Box Ordering Details Handcrafted in Virginia, this beautiful pewter jewelry box is perfect for your class ring, charms, and other keepsakes. Lined with blue velvet and engraved with MBC seal. 3.5 inches in diameter. Squirrel Frame Ordering Details Frame your memories in this pewter frame with raised brass squirrel. Umbrella Ordering Details Protect yourself from those showers with a classic golf umbrella in evergreen and white with MBC Seal. Eglomise Designs are now available through the MBC Gift Shop. Please visit this site to see a beautiful variety of Mary Baldwin commemorative gifts including a Painted Mirror, a Pen & Ink Desk Box, a Photoframe, and more. To order, please call 1-800-763-7359 or 540-887-7007. For more information email alumnae@mbc.edu