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The E R IT A G E O F IN D IA The Right Reverend V S A Z. Bishop of J N. D or n a k an of A R EU H A R, .MA ..., A re a Dy p u b is he DA R IA H, D L IT T(O to n) .... The e He a rt of B u Buddhism
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H e r it stands for Estate, Gift, and Generation-Skipping Transfer Tax Return.
Individuals who have a taxable estate, gifts exceeding the annual exclusion amount, or generation-skipping transfers are required to file h e r it.
H e r it can be filled out by following the instructions provided by the IRS and consulting with a tax professional if needed.
The purpose of h e r it is to report and pay taxes on transfers of wealth, such as estates, gifts, and generation-skipping transfers.
H e r it must report details of the estate, gifts, and generation-skipping transfers, including values, beneficiaries, and any taxes owed.
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