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To make a gift, please make your check payable to Methodist University and mail it with this completed form to: Methodist University Attn: Office of Institutional Advancement 5400 Ramsey Street Fayetteville,
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What is to make a gift?
To make a gift is to transfer ownership of property or assets to another individual voluntarily without receiving payment in return.
Who is required to file to make a gift?
Any individual who gives a gift that exceeds the annual gift tax exclusion amount must file a gift tax return.
How to fill out to make a gift?
To make a gift, the giver must fill out 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 potentially reducing estate taxes and avoiding probate.
What information must be reported on to make a gift?
Information such as the gift amount, description of the gift, recipient's information, and total lifetime gifts must be reported on the gift tax return.
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