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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 709
for the current year.
IRS Form 709 United States Gift (And Generation-Skipping Transfer) Tax Return
What Is IRS Form 709?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 709?
A: IRS Form 709 is the United States Gift (And Generation-Skipping Transfer) Tax Return.
Q: Who needs to file IRS Form 709?
A: You need to file IRS Form 709 if you made gifts exceeding the gift tax exclusion amount or if you want to allocate your generation-skipping transfer tax exemption.
Q: What is the gift tax exclusion amount?
A: The gift tax exclusion amount is the maximum amount of gifts you can give to an individual without having to pay gift taxes. The current exclusion amount is $15,000 per recipient (as of 2021).
Q: What is the purpose of IRS Form 709?
A: The purpose of IRS Form 709 is to report gifts that are subject to gift tax or generation-skipping transfer tax.
Q: When is IRS Form 709 due?
A: IRS Form 709 is generally due on April 15th of the year following the year in which the gift was made.
Q: Are there any penalties for not filing IRS Form 709?
A: Yes, there can be penalties for not filing IRS Form 709 or filing it late. It is important to meet the filing deadline to avoid these penalties.
Q: Do I need to attach any documentation with IRS Form 709?
A: Yes, you may need to attach certain documentation to IRS Form 709, such as appraisals of property that was gifted.
Q: Can I file IRS Form 709 electronically?
A: No, as of now, IRS Form 709 cannot be filed electronically. It must be filed by mail.
Form Details:
- A 5-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 709 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 709 United States Gift (And Generation-Skipping Transfer) Tax Return
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