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The Worship of God Simple Gifts Ty Sheets, trumpet Libby Alexander, organ Offertory Day of Pentecost May 27, 2012 11:00 am *Greeting One Another Praise to the Lord, the Almighty Praise to the Lord,

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What is simple gifts?

Simple gifts refer to any gifts made without consideration or for less than fair market value.

Who is required to file simple gifts?

Individuals who have made gifts over a certain amount specified by the IRS are required to file simple gifts.

How to fill out simple gifts?

Simple gifts are typically reported on Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.

What is the purpose of simple gifts?

The purpose of reporting simple gifts is to monitor and potentially tax gifts that exceed the annual exclusion amount.

What information must be reported on simple gifts?

Information such as the value of the gift, the relationship between the giver and receiver, and any previous gifts made must be reported on simple gifts.

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