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1DONOR INFORMATION EMU 20192020 Pledge Card24
5FIRST NAMEMIHOME STREET ADDRESSPAYMENT OPTIONSLAST NAMECITYEMPLOYERSTATEZIPRETIRING NEXT YEAR?PHONE NUMBERHWCI WISH TO BE ANONYMOUS
EMAIL ADDRESS MY
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How to fill out my total gift amount
How to fill out my total gift amount
01
Gather all the gift receipts or records of the gifts you have received throughout the year.
02
Sum up the amount or value of each gift you have received.
03
Make sure to include any monetary gifts, physical items, or gift cards.
04
Exclude any gifts that are not considered taxable, such as gifts from certain family members or qualified charitable organizations.
05
Once you have the total amount, record it accurately on the appropriate section of your tax form or financial statement.
Who needs my total gift amount?
01
Individuals who are filing their income tax returns may need your total gift amount if they are required to report gift taxes.
02
Financial institutions or advisors may need this information for financial planning purposes.
03
Some insurance companies may require your total gift amount for policy underwriting or evaluation.
04
Certain government agencies or institutions may request this information for statistical or research purposes.
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What is my total gift amount?
Your total gift amount is the sum of all gifts given in a specific time period.
Who is required to file my total gift amount?
You are required to file your total gift amount if your gifts exceed the annual exclusion limit set by the IRS.
How to fill out my total gift amount?
You can fill out your total gift amount on IRS Form 709 and include all relevant information about the gifts you have given.
What is the purpose of my total gift amount?
The purpose of reporting your total gift amount is to track and regulate gifts given for tax purposes.
What information must be reported on my total gift amount?
You must report the value of each gift given, the relationship to the recipient, and any exemptions or exclusions applied.
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