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Department of the Treasury Internal Revenue Service Purpose of Form.--Form 709 is used to report transfers subject to the Federal gift and certain generation-skipping transfer (GST) taxes and to figure the tax, if any, due on those transfers. All gift and GST taxes are computed and filed on a calendar year basis regardless of your income tax accounting period. Instructions for Form 709 (Revised November 1991) United States Gift (and Generation-Skipping Transfer) Tax Return (For gifts made after MoreWhile section 2701 is applicable to transfers made after October 8, 1990, these elections will not have to be made on the Form 709 otherwise due on April 15, ... Less
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