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Get the free and make your gifts to Young Life go further - gc younglife

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Make your life easier and make your gifts to Young Life go further Please note: The authorization to charge your bank account or credit card is the same as if you had personally signed a check to
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Gifts refer to the transfer of money, property, or other valuable items without receiving anything in return. Making gifts involves giving these items to another person or organization.
Individuals who give gifts above a certain threshold are required to file a gift tax return with the IRS.
To fill out and make your gifts, you need to use Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.
The purpose of filing and making gifts is to report any gifts given that exceed the annual exclusion amount set by the IRS and potentially pay gift taxes.
The gift tax return must include information about the donor, the recipient, the value of the gifts, and any deductions or exclusions claimed.
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