What Is a "Net Gift" and What Is the Potential

question 68

Essay

What is a "net gift" and what is the potential income tax problem associated with making a net gift?

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Definitions:

Extinction

In psychology, the process by which a previously reinforced response diminishes and eventually disappears when reinforcement is no longer provided.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

External Inhibition

The decrease in the strength or occurrence of a behavior due to an external stimulus or change in environmental conditions.

Stimulus Discrimination

The ability to distinguish between different stimuli or cues, especially in the context of learning and behavior.