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Child Matters / Notate / The Newsletter of Children to Russia & the Republics Issue 197 Christmas 2012 The light shines in the darkness The Gift that Matters Dear Friends, Praise the Lord! Praise
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Form Gift That Matters is a document used to report gifts subject to federal gift tax.
Any individual who gifts property or money exceeding the annual exclusion amount is required to file Form Gift That Matters.
Form Gift That Matters can be filled out manually or electronically by providing detailed information about the gift, including its value and the relationship between the donor and donee.
The purpose of Form Gift That Matters is to report gifts that exceed the annual exclusion amount and determine if any gift tax is due.
Form Gift That Matters requires reporting information such as the value of the gift, the relationship between the donor and donee, and any prior gifts made by the donor.
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