Affidavit of Gift

katt wrote:

Affidavit of Gift

My name is [my name], also known as [drop your middle initial or add any other AKA here]. I am producing this affidavit to memorialize a completed gift of __[quantity]____________ Iraqi Dinar note to my [relationship- i.e. friend, son, daughter] , [recipient’s name].

The intent of this letter is to establish the time of gift and basis of the gift for gift tax valuation purposes and to provide documentation of the transfer in the case that such documentation is ever necessary for [recipient’s name] to exchange the gifted nonfunctional currency for other currency.

ESTABLISHING DATE
I, [my name], located in the city of [city], state of [state], on the _____day of _______, 20____ did gift a note(s) of currency of the Iraqi government with a total value of __[quantity]____________ Iraqi Dinar to my [relationship], [recipient’s name], living in the city of [city], state of [state] without compensation or expectation of gain for myself.

This gift was accomplished by placing said note(s) in the mail with the USPS, limited delivery, postage paid, and properly addressed as follows:

[recipient’s name]
[street address]
[city] [state] [zip]

ESTABLISHING TRAIL OF TITLE
On the ___ day of ______________ 2010 I exchanged $[purchase price of Dinar] of United States currency for [total quantity of that purchase as reflected by receipt] Iraqi Dinar (IQD). The above referenced Dinar was received by me in this transaction. I conducted this transaction with [name of currency dealer] located in the city of [city], state of [state] under the order # of [order number].

I hereby affirm and attest that the above statement is true and correct to the best of my knowledge.

________________________________
[my name], Affiant
This instrument was on the date thereof signed, published and declared by [my name] to be a true affidavit in our presence and in the presence of each of us, and we, at the same time, at the affiant’s request, in the affiant’s presence and in the presence of each other, have hereunto signed our names and addresses as attesting witnesses.

_______________________, Witness
[Witness1 Name]
[Witness Address]______________
_____________________________
_____________________________



_______________________, Witness
[Witeness2 Name]
[Witness Address]______________
_____________________________
_____________________________




STATE OF ________________________ )
) ss.
COUNTY OF _______________________ )
On this day, _______________________, 20___, before me personally appeared [my name], as affiant, personally known to me (or proved to me on the basis of satisfactory evidence) to be the individual whose name is subscribed to the foregoing Affidavit of Gift, and acknowledged that he[she] executed the same as his[her] voluntary act and deed for the purposes therein contained. Also appeared before me ____________________ as witness personally known to me (or proved to me on the basis of satisfactory evidence), and _______________________ as witness personally known to me (or proved to me on the basis of satisfactory evidence) who did witness affiant’s signature in his presence and in the presence of each other.
Witness my hand and official seal.
[Seal]

____________________________, Notary Public
My commission expires: ______________________

DonnieMax wrote:Do any of you remember when Willie had the Farm Aid and gave all the money to the farmers. IRS came backand taxed Willie. He lost everything because of his CPA's oversite