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Send Gift Affidavit via Fax

Send Gift Affidavit via Fax

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Aug 6th, 2022

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How to Send Gift Affidavit via Fax

4.8 out of 5

42 votes

In this video, the speaker explains how gift taxes operate in the United States, addressing common misconceptions. Many people mistakenly believe that the recipient of a gift is responsible for taxes, but it is actually the donor (the person giving the gift) who must report and potentially pay any gift taxes. The video covers the rules and clarifies the responsibilities of both the donor and the donee (the recipient). The speaker uses slides and an actual Form 709 (gift tax return) to illustrate key points. The focus is on ensuring viewers understand that the donor is primarily accountable for any tax issues related to gifts.

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