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G I F T W I T H P U RC H A SE PRO G R A M February 1, 2018, January 31, 2019Purchase a minimum of $200 worth of Stab Cookware and receive a FREE Stab Decorative Knob. Please send my Gift With Completion
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What is g i f t?
G I F T stands for Gift Inter Vivos. It is a transfer of property made during the giver's lifetime, where the giver receives nothing in return.
Who is required to file g i f t?
Individuals who have made gifts above the annual exclusion amount set by the IRS are required to file a gift tax return.
How to fill out g i f t?
To fill out a gift tax return, Form 709 must be completed and submitted to the IRS.
What is the purpose of g i f t?
The purpose of the gift tax is to prevent individuals from avoiding estate taxes by giving away their assets before death.
What information must be reported on g i f t?
The gift tax return must include details of the gift, the fair market value of the gift, and any deductions or exclusions claimed.
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