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Enclosed is my/our gift of $ to The Lathrop Communities. Name(s): Address: City:State: Phone: ()Zip Code:Email: I am affiliated with a matching gift company. (Please include form.) Business Name:Business
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Look for a section specifically labeled 'My Gift Is' or similar.
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What is my gift is?
My gift is a legal document used to report gifts made during the year that exceed the annual exclusion amount set by the IRS.
Who is required to file my gift is?
Anyone who makes gifts exceeding the annual exclusion amount must file Form 709, also known as the United States Gift (and Generation-Skipping Transfer) Tax Return.
How to fill out my gift is?
To fill out Form 709, you need to provide information about the gifts made, including the recipient's details, the value of the gifts, and any applicable deductions or exclusions.
What is the purpose of my gift is?
The purpose of Form 709 is to report taxable gifts and to calculate any gift tax owed, ensuring compliance with federal tax regulations.
What information must be reported on my gift is?
You must report the donor's information, the recipient's details, the description of the gifts, their fair market value, and any taxes paid or other deductions.
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