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Alexa Milanytch Director of Development 4108372050 x1144 amilanytch@chasebrexton.org 1111 N. Charles Street Baltimore, MD 21202A Gift to Chase Breton Health Services, Inc. A practical way to make

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Step 1: Start by choosing a suitable gift for the recipient. Consider their interests, hobbies, and preferences.

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What is a gift to chase?

A gift to chase is a term used to describe a type of financial transaction involving the transfer of assets without expecting anything in return. It often refers to gifts given during a person's lifetime.

Who is required to file a gift to chase?

Individuals who make gifts that exceed the annual exclusion amount set by the IRS must file a gift tax return, also known as Form 709, to report the gift.

How to fill out a gift to chase?

To fill out a gift tax return, you need to complete Form 709, providing information about the donor, details of the recipient, and the value of the gift. You'll also need to indicate if any exclusions or deductions apply.

What is the purpose of a gift to chase?

The purpose of tracking gifts through a gift tax return is to report any taxable gifts made during the tax year to ensure compliance with tax laws and to determine if any gift tax is owed.

What information must be reported on a gift to chase?

Information that must be reported includes the names and addresses of both the donor and recipient, the date of the gift, a description of the gift, its value, and any applicable deductions or exclusions.

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