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2020 ALCUIN YOUTH TOUR +SCHOLARSHIP Application to $15,000 in scholarships to be awarded! Alcuin Electric Cooperative is looking for leaders like you to serve as delegates in the 2020 Alcuin Youth
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How to fill out up to 15000 in

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Up to 15000 refers to the limit for certain financial thresholds, often related to gift tax exclusions, where individuals can gift amounts up to $15,000 per recipient without triggering a gift tax.
Individuals who exceed the annual gift exclusion amount in gifts to a single recipient are required to file gift tax returns.
To fill out a gift tax return for amounts over $15,000, use IRS Form 709 and include details of the gifts made and the recipient information.
The purpose of the $15,000 limit is to allow individuals to transfer wealth without incurring the gift tax, thereby simplifying small monetary gifts.
Report the donor's and recipient's information, the value of gifts, and any splitting of gifts with a spouse on Form 709.
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