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I would like to contribute to Miner Elementary PTO's BEAR Funding amount is greatly appreciated!MY GIFT AMOUNT: $ The Miner PTO is a 501c3 charitable organization and all gifts are tax-deductible
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To fill out your gift amount, follow these steps:
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Find the gift amount field on the form or website you are using.
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Enter the desired amount you want to gift.
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What is my gift amount?
Your gift amount refers to the total value of gifts you have given to individuals in a calendar year that exceeds the annual exclusion limit set by the IRS.
Who is required to file my gift amount?
You are required to file a gift tax return (Form 709) if you have given gifts exceeding the annual exclusion limit to any individual.
How to fill out my gift amount?
To fill out your gift amount, you need to complete IRS Form 709, reporting the value of each gift and the recipient's information, while also considering any applicable exclusions or deductions.
What is the purpose of my gift amount?
The purpose of reporting your gift amount is to track and potentially tax large gifts given to individuals to ensure compliance with estate and gift tax laws.
What information must be reported on my gift amount?
You must report the names and addresses of the recipients, the dates of the gifts, a description of the property given, and the fair market value of the gifts at the time they were given.
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