Your tax liability on gift amounts above your annual exclusion or your lifetime ceiling can be reduced by using the unified credit. It's called unified because it is one amount that can be applied against gift or estate taxes. For 2011, the unified credit was $1,730,000 per taxpayer in their lifetime.
Your legal birth date would be 1st March. You would still be 17 on 28th February-just as you would if it was a leap year. Therefore when 29th is skipped, your legal birthday falls on the next day after your last day of being 17. Also yes you can enter a bar at midnight, because once the clock turns to 12am, the day has changed. :). Aidan H Â· 4 years ago.
A newborn is considered an addition to the family, and changes in family size is a qualifying life event. In fact, the family can enroll for a new plan because its insurance costs would change when more family members are added. Adopting a child is of course a qualifying life event as well. The adopted child can get insurance from the date he or she is in the parent's custody.