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What Amount Of Gift-tax Exemption Is Available In 2012? What Amount Is The Gift-tax Exemption In 2013?
User Photo William Keats
Tax Professional Level: Master Tax Advisor

The exemption for 2012 is $13,000 per individual. The 2013 amount is $14,000. per individual.   Read More
User Photo Virginia La Torre Jeker, J.D.
Tax Professional Level: Tax Enthusiast

The Foreign Account Tax Compliance Act (“FATCA “) is US tax legislation enacted in 2010. It has various parts and some parts are not yet effective but will become so in later years. The most talked about...   Read More
User Photo Michael Fleming
Tax Professional Level: Tax Enthusiast

Nexus is not a tax but rather the minimum link or connection to a state that is necessary before a state can force you to pay its taxes or collect taxes on its behalf. There are different nexus rules for income...   Read More
User Photo William Keats
Tax Professional Level: Master Tax Advisor

The sales tax for the most part is applied to purchases made within your own state, if that state normally has a sales tax. The Senate has passed the Internet Sales Tax bill, but it is still under consideration in...   Read More
User Photo Darren Sanford
Tax Professional Level: Tax Enthusiast

Sales tax, as you know, is collected at the time of a sale. However, when a company ships an item to a state in which they are not located, they do not always collect sales tax. The Amazon tax is the sales tax on...   Read More


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