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CERTIFICATE RE PRIOR GIFTS OR INHERITANCESRE ESTATE OF [Insert deceased name]I confirm that I have received no gifts/inheritances from any person since the 5th of December, 1991 except for the following:Name
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Prior-gift-formdoc is a document used to report gifts that have been made in the previous years for tax purposes.
Individuals who have made gifts exceeding the annual exclusion amount or those who are required to report gifts on their tax returns are required to file prior-gift-formdoc.
To fill out prior-gift-formdoc, one must provide personal information, list the gifts made, including their value and the recipient's details, and sign the document.
The purpose of prior-gift-formdoc is to ensure accurate reporting of gifts for tax compliance and to help the IRS track potential gift tax liabilities.
The information that must be reported includes the name and address of the donor, the name and address of the recipient, a description of the gifts, their fair market value, and the date of each gift.
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