any gifts that involve money
Monetary gifts are welcome!
it means a gift of money from one person to another.
Etrennes are small gifts given to workers who supply services in France. Usually the gifts are monetary and given on the New Year.
Essentially, corporate gifts work as follows. In lieu of cash payment for services, one can receive gifts of monetary value. The value of these items will need to be recorded.
The best gifts for ladies are those that are personal. They do not have to have monetary value to them. Things such as an inscribed watch, jewelry or maybe even "breakfast in bed" are good potential gifts.
The taxability of court settlements depends on what the settlement is for. If it is compensation for a loss, in general it is not taxable. If it is a 'penalty' it will be taxable. Your attorney should be able to tell you what is taxed and what is not taxed. Or consult your tax professional.
The best gifts are the ones that will be useful as soon as they land in the country. Prepaid credit cards, cash, and other monetary gifts are best as they are small and do not need to be shipped.
The receiver won't get taxed, the giver will. On gifts that don't fit the exclusion which is generally $13,000 per year per giver per receiver.
Theoretically, there are taxes to be paid on gifts above a certain limit each year. The limit for gifts of money or property is $13,000 per recipient. With money, stocks, titled property (cars, homes), there is the ability to trace the gifts and detect whether they should be taxed. With gifts of personal items like jewelry or antiques, most likely the gift will only be taxed if the recipient chooses to declare it.
It's a Jewish tradition to give monetary gifts in multiples of 18.
The gift tax is on the one who gives, not the one who receives it.