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MY GIFT FORM: YEAREND Flint Hills Christian School is a nonprofit 501(c)(3) organization, EIN #481159406, incorporated in the State of Kansas. No goods, services or benefits were received by the Donor

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How to fill out my year end gift

01

Start by gathering all the necessary paperwork, including information on the gift you received and its value.

02

Determine if the gift needs to be reported on your tax return. In most cases, you don't need to report gifts that are less than a certain amount.

03

If the gift exceeds the threshold for reporting, you will need to fill out Form 709 - United States Gift (and Generation-Skipping Transfer) Tax Return.

04

Provide accurate information about the gift, including its value and any relevant details.

05

Complete any additional sections or schedules as required by the form instructions.

06

Double-check all the information before submitting the form.

07

Keep a copy of the completed form for your records.

08

Consider consulting with a tax professional or using tax preparation software for assistance.

Who needs my year end gift?

01

Anyone who has received a year-end gift from someone else may need to properly report it on their tax return.

02

Individuals who have received a high-value gift that exceeds the reporting threshold set by the IRS.

03

Those who want to ensure compliance with tax laws and avoid potential penalties or audits.

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What is my year end gift?

Your year end gift is usually a bonus or gift given to employees at the end of the year.

Who is required to file my year end gift?

Employers are required to report year end gifts given to employees.

How to fill out my year end gift?

You can fill out your year end gift by reporting it as income on your tax return.

What is the purpose of my year end gift?

The purpose of a year end gift is to show appreciation for employees' hard work throughout the year.

What information must be reported on my year end gift?

You must report the amount of the gift, the date it was given, and the reason for the gift.

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