
Get Irs 709 2008
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You need to file Form 709 if you give gifts exceeding the annual exclusion limit of $16,000 per recipient in 2022, or if you gift property subject to a gift tax. Situations including transferring assets, making contributions to trusts, or gifts to non-citizen spouses necessitate filing. Staying informed about these thresholds is vital for compliance with IRS 709 requirements.
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