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FIVE Gifts
T OI M P R O V EL I V E SDESKSSURGERIESClassrooms that we build also
require furniture. For $50,
you can provide a desk and
bench for three children. A
classroom of 40 children can
be furnished
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What is five gifts?
Five gifts refer to the act of giving five presents or items to someone.
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Anyone who gives five or more gifts to an individual in a year may be required to file a gift tax return.
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To fill out a gift tax return for five gifts, you will need to provide information about the gifts given, their value, and the recipient.
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Information such as the value of the gifts, the identity of the recipient, and any other relevant details must be reported on a gift tax return for five gifts.
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