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GIFT Assignment # 2 Please, neatly complete the two worksheets regarding Developing a Personal Relationship With God. 1. In your book We Live Our Faith, read pages 258 261. Neatly write a prayer to
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Gift is a transfer of property or money from one person to another without expecting anything in return.
Individuals who gave gifts valued over a certain amount are required to file gift tax returns.
Gift tax returns need to be filled out accurately and in accordance with the IRS guidelines.
The purpose of gift is to report and potentially tax the transfer of assets or money to another person.
The value of the gift, the relationship between the giver and the receiver, and any exemptions or exclusions claimed.
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