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A GIFT OF A COLLEGE EDUCATION TO: FROM: A gift in the amount of has been made to an MFA U. Fund College Investing Plan account in your name. You might not know it yet, but college is one of the most
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A gift of a is a voluntary transfer of property or money from one party (the donor) to another party (the recipient) with nothing expected in return.
Individuals who make gifts of a certain value are required to file a gift tax return with the IRS.
To fill out a gift tax return, you will need to provide information about the donor, the recipient, the value of the gift, and any applicable deductions or exclusions.
The purpose of a gift tax return is to report gifts of a certain value to the IRS and potentially pay gift tax on those gifts.
Information such as the donor's and recipient's names, the value of the gift, and any deductions or exclusions claimed must be reported on a gift tax return.
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