Get the free Making a gift in your Will - St Peter's College
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INDIVIDUALS
APPLICATION GUIDELINES
INTRODUCTION
This document sets out the guidelines regarding individuals applications for assistance from WA Charity Direct
and the assessment and decision-making
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Choose a gift that is suitable for the recipient's interests and preferences.
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What is making a gift in?
Making a gift in refers to the act of transferring property or assets to another individual without receiving anything in return, which may have implications for gift tax regulations.
Who is required to file making a gift in?
Individuals who make gifts that exceed the annual exclusion amount set by the IRS are required to file a gift tax return.
How to fill out making a gift in?
To fill out making a gift in, complete IRS Form 709 by providing the donor's information, recipient's information, details of the gifts made, and any applicable exclusions or deductions.
What is the purpose of making a gift in?
The purpose of making a gift in is to transfer wealth, assist beneficiaries financially, or fulfill personal or philanthropic intentions.
What information must be reported on making a gift in?
The information that must be reported includes the donor's and recipient's names and addresses, a description of the gifts, their values, and the date of the transfer.
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