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The IRS Does Not Consider Property Settlements in Consideration of Marriage

question 54

Essay

The IRS does not consider property settlements in consideration of marriage as being transfers for valuable consideration. Consequently, such prenuptial settlements are subject to the Federal gift tax. Why, then, are property settlements incident to divorce exempt from the gift tax?


Definitions:

C-Reactive Protein (CRP)

A protein found in the blood, levels of which can rise in response to inflammation.

Inflammation

A biological response to harmful stimuli, such as pathogens or damaged cells, that results in redness, swelling, heat, and pain in the affected tissues.

Renal Tissue Perfusion

The flow of blood through the kidney's tissues, essential for filtering waste and regulating fluids and electrolytes.

Hypertension

A long-term health issue characterized by continuously high pressure in the artery walls, which can result in severe health complications.

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