GST tax is a special tax on the transfer of an estate to your grandchildren, to another relative more than one generation removed from you, or to a non-relative who is more than 37 and 1/2 years younger than you. The GST tax is paid in addition to any applicable gift or estate taxes.
(also known as: “Grandparent Tax”)
Generation Skipping Transfer (GST) Tax
SEP (Simplified Employee Pension)
SIMPLE (Savings Incentive Match Plan for Employees)