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Jeffery Levine navigates 529 plan intricacies and Form 709 obligations.
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Form 709 Explained
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When a taxpayer gives cash or property to their family or friends, there may be tax implications. Taxpayers who gift amounts greater than the annual exclusion will be required to file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. We’re hosting a webinar live on June 7 or 8, or on demand, about the topic. Learn more about it from instructor Lawrence Zimbler, MST, EA. Live event registration: https://bit.ly/3m5jHH6 On-demand event registration: https://bit.ly/3z8lL9b
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When a taxpayer gives cash or property to their family or friends, there may be tax implications. Taxpayers who gift amounts greater than the annual exclusion will be required to file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. We’re hosting a webinar live on June 7 or 8, or on demand, about the topic. Learn more about it from instructor Lawrence Zimbler, MST, EA. Live event registration: https://bit.ly/3m5jHH6 On-demand event registration: https://bit.ly/3z8lL9b
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Form 709 Examples
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