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MEETING MINUTES
LINCOLN PTO MEETING
OCTOBER 10, 2016,
Meeting called to overtime: 7:09Present: Ann Brennan, Laura Manchu, Nikki Eliza, Maryann Woo, Katie Began, Amy
Dwyer, Casey Godfrey, Suzanne Agostinho,
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What is time 709?
Time 709 refers to the United States Internal Revenue Service Form 709, also known as the United States Gift (and Generation-Skipping Transfer) Tax Return.
Who is required to file time 709?
Individuals who make gifts to other individuals or entities in excess of the annual gift tax exclusion amount are required to file Form 709.
How to fill out time 709?
Form 709 can be filled out by providing information about the donor, the recipient of the gift, the value of the gift, and any applicable deductions or exclusions.
What is the purpose of time 709?
The purpose of Form 709 is to report gifts that exceed the annual gift tax exclusion amount and to calculate any gift tax owed.
What information must be reported on time 709?
Form 709 requires reporting of the donor's information, the recipient's information, the value of the gift, and any deductions or exclusions claimed.
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