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The gift the form and reason for exchange in archaic 38850399BAD12F470CD922E14972CFE8The Gift The Form And Reason For Exchange In Archaic Societies1/8the gift the form and reason for exchange in archaic 38850399BAD12F470CD922E14972CFE82/8the
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The gift tax form is Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.
Individuals who have given gifts that exceed the annual exclusion amount set by the IRS are required to file Form 709.
The Form 709 should be completed accurately and submitted to the IRS along with any necessary documentation of the gifts given.
The purpose of Form 709 is to report gifts given that exceed the annual exclusion amount and calculate any gift tax owed.
Information such as the donor's and recipient's information, the value of the gift, and any previous gifts given must be reported on Form 709.
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