The Generation-Skipping Transfer Tax (GSTT) is a federal tax imposed on transfers of property to individuals who are at least two generations younger than the donor.
The AUTOGEN (Automated Generation of Federal Tax Deposit Coupon) form is a document mailed by the IRS to a taxpayer to accompany the employment tax deposit at any Federal Reserve Bank.
The Federal Unemployment Tax Act (FUTA) establishes a federal framework for unemployment insurance, requiring employers to contribute to the federal unemployment fund based on employee wages, with provisions for state tax credits.
The Gas Guzzler Tax is a federal tax imposed on the sale, use, or lease of vehicles that do not meet specific fuel economy standards. Learn its history, applicability, and impact on consumers and manufacturers.
A comprehensive guide to understanding the Gift Tax, a graduated excise tax levied on the donor of a gift by federal and state governments, and its implications on estate planning.
A detailed guide on exempt income, including its definition, examples, and the specific tax rules governing it. Understand the types of income that are not subject to federal or state income tax and the implications for taxpayers.
An in-depth explanation of gift tax, including its definition, exemptions, how it works, who is responsible for paying it, and strategies to give gifts tax-free.
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