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The Cannonball Courier Summer 2016A Generous Gift NORTH has been blessed many times in the past with businesses and corporations offering help to improve the trail for all those who use it. I'd like
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A generous gift is a gift given without expecting anything in return, usually out of kindness or love.
Individuals who give generous gifts above a certain threshold set by the IRS are required to file a gift tax return.
You can fill out a generous gift by using Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, and following the instructions provided by the IRS.
The purpose of a generous gift is to show appreciation, support, or love to someone without expecting anything in return.
You must report the value of the gift, the relationship between the giver and the recipient, and any exemptions or deductions you are claiming.
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