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Tax Bulletin March 2017Tax Bulletin 1Highlights BIR Rulings Gifts made to or for the use of an entity created by agencies of the National Government, which is not conducted for profit, are exempt

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How to fill out gifts made to or

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Start by gathering all the necessary information about the gift made to someone.

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Individuals who have made a gift to someone or received a gift may need to fill out gifts made to or.

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What is gifts made to or?

Gifts made to OR refer to the act of giving assets, property, or money to another person or organization.

Who is required to file gifts made to or?

Individuals who make gifts above a certain threshold are required to file gifts made to the IRS.

How to fill out gifts made to or?

Gifts made to must be reported on Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.

What is the purpose of gifts made to or?

The purpose of gifts made to is to ensure that the IRS can keep track of large gifts and enforce gift tax regulations.

What information must be reported on gifts made to or?

Information such as the value of the gift, the relationship between the giver and recipient, and any gift tax paid must be reported on gifts made to.

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