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Discover. * Make checks payable to Mind Ware. ... **Must be accompanied by a School Purchase Order Form. Phone ... www.mindware.com/forms/orderform.pdf.
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Gift is a voluntary transfer of property or money to another person without receiving anything of equal value in return.
Individuals who give gifts exceeding the annual exclusion amount set by the IRS are required to file a gift tax return.
To fill out a gift tax return, Form 709 must be completed and submitted to the IRS along with any applicable taxes.
The purpose of gift tax is to prevent individuals from avoiding estate taxes by giving away their assets during their lifetime.
The gift tax return must include information about the gift giver, recipient, value of the gift, and any taxes owed.
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