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Make a Gift by Mail to The Children's Foundation Your contribution will provide the resources needed to conduct lifesaving pediatric research, advocate for children and their safety, and help educate
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What is gifting to children?
Gifting to children refers to the act of giving money or assets to a child without expecting anything in return, often done for estate planning or financial support.
Who is required to file gifting to children?
Typically, the individual who makes the gifts (the donor) is required to file a gift tax return if the total amount exceeds the annual gift exclusion limit.
How to fill out gifting to children?
To fill out gifting to children, you need to complete IRS Form 709, providing details about the gifts made, the recipients, and their values.
What is the purpose of gifting to children?
The purpose of gifting to children can include reducing estate taxes, providing financial support, and helping with education or other expenses.
What information must be reported on gifting to children?
The information that must be reported includes the amount of gifts, the recipients' details, and any prior gifts which may affect the annual exclusion.
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