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KETCHIKAN GATEWAY BOROUGH RESOLUTION NO. 2503 A Resolution Of The Assembly Of The Ketchikan Gateway Borough Authorizing An Agreement With The Ketchikan Gateway Borough School District Regarding Management
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2503 is a resolution related to tax reporting for gifts to minors under the age of 21.
The person making a gift to a minor that exceeds the annual exclusion amount is required to file 2503 a resolution.
2503 a resolution is filled out by providing details of the gift, the minor's information, and other required tax information.
The purpose of 2503 a resolution is to report gifts made to minors for tax purposes and determine if any gift tax is owed.
Information such as the donor's details, the minor's details, the gift amount, and any applicable deductions or exclusions must be reported on 2503 a resolution.
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