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A gift or a present is the transfer of something, without the need for compensation that is involved in trade. A gift is a voluntary act which does not require anything in return. Even though it involves possibly a social expectation of reciprocity, or a return in the form of prestige or power, a gift is meant to be free. In many human societies, the act of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy. By extension the term gift can refer to anything that makes the other happier or less sad, especially as a favour, including forgiveness and kindness. A gift or a present is the transfer of something, without the need for compensation that is involved in trade. A gift is a voluntary act which does not require anything in return. Even though it involves possibly a social expectation of reciprocity, or a return in the form of prestige or power, a gift is meant to be free. In many human societies, the act of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy. By extension the term gift can refer to anything that makes the other happier or less sad, especially as a favour, including forgiveness and kindness From Wikipedia under the
GNU Free Documentation License  spectrum.mit.edu 549px x 732px | 83.30kB [source page] Major Gifts Series of gifts to help MIT lead the world Fred and Carole Middleton make a series of major gifts to MIT because says Fred We feel MIT can help provide leadership benefiting the whole world Photo Marc Longwood  img2.travelblog.org 600px x 450px | 67.80kB [source page] 1 Balinese Wedding Gifts From Yahoo Image Search: "Gifts"  freestufftimes.com Chris hu, 27 Aug 2009 18:28:06 GM 1 Free Pampers . Gifts. To Grow Point.  bargainsniper.com.au GdayZ hu, 27 Aug 2009 23:21:49 GM Spend at least $50 and they will send your Dad a Stainless Steel Pocket Utility valued at $19.95! Spend at least $80 and they will send your Dad a Cal.  shunews.shudoo.co.uk Nikki Beukes hu, 27 Aug 2009 15:26:30 GM After Shudoo News reported on her star studded bowling party at Shoreditch House in London, we thought you may be interested to hear what juicy designer . gifts. the Bad Boys singer received. After splitting from her LA boyfriend, ... From Google Blog Search: "Gifts"  news.google.com Examiner.com One such benefit is, at times, to receive emails where other people share their spectacular gifts . I received one of those emails this week. ... news.google.com CNN Political Ticker washington (CNN) As Alaska governor, Sarah Palin last year received a wide variety of unique gifts , according to a supplemental disclosure form submitted ... Palin reports gifts : Gun case, statue Politico Sarah Palin Got Some Pretty Sweet Gifts When She Was Guv The Frisky Gifts reported to APOC Alaska Dispatch Redwood Times - The Associated Press - Chicago Sun-Times all 189 news articles » news.google.com Rocky Mount Telegram Taylor said, 'Daddy, I want to have a lemonade stand so I can buy Christmas gifts for abused kids so they will know someone cares for them, too,' he said. ... and more » From Google News Search: "Gifts" What are the reporting requirements on non-resident alien gifts? Q. My aunt (who meets the IRS definition of being a non-resident alien) intends to give $50k towards my son's college education. My aunt lives in Switzerland. To ensure that the gift is given and received outside of the US (so as to make it non-taxable) I plan to open an account at a foreign bank into which I will receive the gift, and then wire to funds to the university. Gifts from non-resident aliens over $10k normally requires that the recipient file of IRS form 3250. My Question: since this gift is being used for tuition, is it exempt from filing form 3250? IRC 6039F(b) (Notice of Large Gifts Received from Foreign Persons) has exepmtion language for tuition and medical expenses, but I find the language a bit vague. Does someone… [cont.] Asked by Marco - Fri Aug 17 16:22:22 2007 - - 2 Answers - 1 Comments A. I'm suspicious of the qualifications of the above "tax consultant" poster. I found the answer in the Form 3250 instructions on the IRS website, linked below, and it does NOT agree with what he states. I certainly won't be paying HIM for any advice any time soon! You don't need to file the 3250 for a couple of reasons. One being the nature of the gift for tuition. The other is that the gift is coming from a foreign person where the reporting limit -- at least as I'm reading it -- is $100,000, not $12,760 (2006 rate, it's adjusted for the cost of living.) Even if the gift had to be reported, it still would not be taxed. The 3250 filing simply advises the IRS of the transfer so that they can evaluate the taxable status of the transfer.… [cont.] Answered by Bostonian In MO - Fri Aug 17 17:41:31 2007 What are good graduation gifts for a nursing student and psychology major? Q. I need some special or unique gifts for some personal friends (both female) that are graduation. One is going to be a nurse and another is a psychology major. Help!!! Asked by mckgolfman m - Wed Apr 15 18:31:51 2009 - - 5 Answers - 0 Comments A. custom engraved jewelry is always a good gift for graduations... Answered by AnswerMan - Sat Apr 18 17:47:30 2009 How many people here are getting and making thoughtful gifts this Christmas?
Q. Christmas has become so consumer based.Does anyone else here make gifts and/ get thoughtful gifts for others instead of joining the rat race in the scram for bargains? Asked by elle - Sun Dec 21 11:44:33 2008 - - 3 Answers - 0 Comments A. my oldest daughter (shes ten) just learned to sew a little, so she is stitching her sister's name on some cloth and going to frame it for her for a Christmas present. Answered by lee - Mon Dec 22 01:05:08 2008 From Yahoo Answer Search: "Gifts"
See alsoExternal linksLook up gift in Wiktionary, the free dictionaryFrom Wikiquote under the GNU Free Documentation License. |
