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WE INVITE YOU To make a gift My Information STEP 1 STEP 2 Be Recognized Name Mr. Mrs. Ms. Leadership Giving Circle Home Address List spouse×partner for a combined gift of $1,000 or more: City State
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What is to make a gift?
To make a gift is to transfer ownership of an asset to another person without receiving anything in return.
Who is required to file to make a gift?
Individuals who give gifts that exceed the annual gift tax exclusion amount are required to file a gift tax return with the IRS.
How to fill out to make a gift?
To make a gift, individuals need to fill out and submit IRS Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.
What is the purpose of to make a gift?
The purpose of making a gift is to transfer assets to another person while alive, reducing the size of the individual's taxable estate.
What information must be reported on to make a gift?
Information such as the donor's details, gift recipient's details, description of the gift, and the fair market value of the gift must be reported on the gift tax return.
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