
Get the free On Gifts: Christmas or Otherwise. Koinonia Prompt #14
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Koinonia DEC2016Message fromFR. MICHAEL L. PASTRIKOS, PROTOPRESBYTERI would like to talk to you about Christmas. It seems that we all have a tendency to build up to Christmas as a climax anticipating
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On gifts for Christmas refers to items given or received as presents during the Christmas holiday season.
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Individuals who give gifts exceeding a certain value during the Christmas season may be required to file a gift tax return.
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To fill out a gift tax return, individuals should report the fair market value of the gifts given and include any exemptions or deductions applicable.
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The purpose is to ensure that significant gifts are reported for tax purposes and to track the giving and receiving of large items.
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Information that must be reported includes the value of gifts, recipient details, and any relevant tax exemptions.
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