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GIVE ONLINE at www.UnitedArts.cc Collaborative Campaign for the Arts 2018 Give Today. For our children for our economy for our community. Type of gift (please choose one) Individual Donor Name (please
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What is make a gift or?
Make a gift or refers to the IRS Form 709, which is used to report gifts that exceed the annual exclusion amount and to calculate any gift tax owed by the donor.
Who is required to file make a gift or?
Donors who give gifts that exceed the annual exclusion limit ($16,000 per recipient for 2022 and $17,000 per recipient for 2023) must file Form 709.
How to fill out make a gift or?
Form 709 is filled out by providing details about the donor, recipient, and the nature of the gifts made, including their value and date given.
What is the purpose of make a gift or?
The purpose of Form 709 is to report taxable gifts to the IRS, ensuring compliance with gift tax regulations and tracking the lifetime gift tax exemption.
What information must be reported on make a gift or?
Form 709 requires information including the names and addresses of the donor and recipients, a description of the gifts, their fair market value, and any deductions claimed.
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