Jan 31, 2024 · Use Form 709 to report: Transfers subject to the federal gift and certain generation-skipping transfer (GST) taxes.
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Go to www.irs.gov/Form709 for instructions and the latest information. (For gifts made during calendar year 2023). OMB No. 1545-0020. 2023.
The filing deadline for IRS Form 709 is the tax filing deadline of the year after the gift is completed. This typically falls on the tax deadline. If an ...
IRS Form 709 reports transfers of assets that may be subject to federal gift tax and certain generation-skipping transfer taxes (GSTT).
Overview. Form 709 is the United States Gift (and Generation-Skipping Transfer) Tax Return. A taxpayer may be required to file Form 709 if they gave gifts ...
Duration: 19:36
Posted: Mar 14, 2024
Posted: Mar 14, 2024
Dec 15, 2023 · Complete Part 3, known as “Tax Computation.” It is located on the first page of Form 709. Refer to the “Table for Computing Gift Tax” under ...
Per IRS Publication 559 Survivors, Executors, and Administrators, page 25: The general rule is that any gift is a taxable gift.
(A) A municipal corporation may petition the board of county commissioners to annex contiguous territory owned only by the municipal corporation, a county, or ...