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CONSUMER ADVISORY February 2013 By Attorney General Tom Miller Paper or Plastic? Gift Certificates & Gift Cards Whether you're giving or receiving, a gift card or gift certificate may be the key to

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What is 13-02 gift certificates and?

13-02 gift certificates are tax forms used to report gifts or transfers of property valued at over a certain threshold, for federal gift tax purposes.

Who is required to file 13-02 gift certificates and?

Individuals who have made gifts or transfers of property that exceed the annual exclusion amount set by the IRS are required to file 13-02 gift certificates.

How to fill out 13-02 gift certificates and?

To fill out 13-02 gift certificates, you need to provide information about the donor, the donee, the property or gift transferred, and the value of the gift.

What is the purpose of 13-02 gift certificates and?

The purpose of 13-02 gift certificates is to report gifts or transfers of property for tax purposes, specifically for federal gift tax liability.

What information must be reported on 13-02 gift certificates and?

On 13-02 gift certificates, you must report details such as the donor's name and taxpayer identification number, the donee's name and relationship to the donor, a description of the property transferred, and the fair market value of the gift.

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