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GIVE THE GIFT OF BETTER HEARING NOMINATE A SPECIAL SOMEONE FOR THE ULTIMATE GIFT AND HELP THEM EXPERIENCE BETTER HEARING THIS HOLIDAY SEASON With hearing loss affecting 1 in 8 people within the US,

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Start by determining the occasion for which you are giving the gift.

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Anyone looking to give a thoughtful gift to someone for a special occasion.

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The gift tax form, commonly referred to as Form 709, is used to report gifts made by an individual that exceed the annual exclusion limit.

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Any individual who makes gifts that exceed the annual exclusion limit in a calendar year must file Form 709.

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The purpose of Form 709 is to report taxable gifts and to calculate any gift tax that may be owed to the IRS.

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The information that must be reported includes the donor's details, recipient details, description of the gift, fair market value, and any applicable exclusions.

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