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TAX SAVINGS OPPORTUNITY THROUGH GIFTS OF Stockton Delta Tau Delta Educational Foundation is a 501(c)(3) quantifiable charitable organization. The donor of appreciated Stockton a 501(c)(3) will not

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What is make a gift?

Make a gift refers to transferring ownership of property or assets to another person without receiving anything in return, usually for personal or charitable reasons.

Who is required to file make a gift?

Individuals who make gifts that exceed the annual exclusion limit set by the IRS are required to file a gift tax return, known as Form 709.

How to fill out make a gift?

To fill out make a gift (Form 709), you need to provide details about the donor, the recipient, the description of the gift, its fair market value, and any applicable exclusions or deductions.

What is the purpose of make a gift?

The purpose of make a gift is to inform the IRS about the transfer of ownership of gifts that exceed the tax exclusion limits, helping to assess any potential tax liability.

What information must be reported on make a gift?

The information that must be reported includes the donor's and recipient's information, the description of the gift, its fair market value, and any deductions or exclusions claimed.

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