Examlex
The maximum gift that can be given to another person without incurring gift taxes is
Potential Liability
Potential liability refers to the possibility that a person or entity may be held legally responsible for actions or consequences in the future.
Third Party
An entity or individual not directly involved in a legal contract or agreement, but that may be affected by it or participate in certain transactions.
Accountant's Work
Professional activities undertaken by an accountant, including auditing, financial reporting, and tax planning.
Criminal Liability
The legal responsibility for a person or entity for criminal actions or omissions that violate laws, leading to prosecution and punishment.
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