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Donors of gifts in excess of the annual exclusion must file gift tax returns on IRS Form 709 [100] and pay the tax. Executors of estates with a gross value in excess of the unified credit must file an estate tax return on IRS Form 706 [101] and pay the tax from the estate. Returns are required if the gifts or gross estate exceed the exclusions.
The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California. [12] [13] [14] [15]Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. [16]
Elon Musk in 2022. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$343 billion as of February 25, 2025, according to the Bloomberg Billionaires Index, [1] and $353 billion according to Forbes, [2] primarily from his ownership stakes in Tesla, Inc., and SpaceX.
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