Get the free Form 709
Show details
This document is the Federal IRS Income Tax Form for reporting gifts and generation-skipping transfers for the tax year 2009. It contains instructions for reporting taxable gifts, computing tax, and
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 709
Edit your form 709 form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 709 form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit form 709 online
To use our professional PDF editor, follow these steps:
1
Log into your account. If you don't have a profile yet, click Start Free Trial and sign up for one.
2
Prepare a file. Use the Add New button to start a new project. Then, using your device, upload your file to the system by importing it from internal mail, the cloud, or adding its URL.
3
Edit form 709. Rearrange and rotate pages, insert new and alter existing texts, add new objects, and take advantage of other helpful tools. Click Done to apply changes and return to your Dashboard. Go to the Documents tab to access merging, splitting, locking, or unlocking functions.
4
Save your file. Select it from your list of records. Then, move your cursor to the right toolbar and choose one of the exporting options. You can save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud, among other things.
With pdfFiller, it's always easy to deal with documents. Try it right now
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 709
How to fill out Form 709
01
Obtain Form 709 from the IRS website or a tax preparation office.
02
Fill out your personal information at the top, including your name, Social Security number, and address.
03
Identify if you are filing as an individual or a couple (married filing jointly).
04
Report any gifts made during the calendar year, including details of each gift such as the recipient's information and the fair market value as of the date of the gift.
05
Calculate the total amount of gifts and determine if you exceed the annual exclusion limit.
06
Complete the section on prior year gifts if applicable.
07
If applicable, apply any gift tax exclusion options, including the lifetime exclusion amount.
08
Sign and date the form at the bottom to certify the information you provided is correct.
09
Submit the completed Form 709 along with your tax return or separately if required.
Who needs Form 709?
01
Any individual who makes gifts exceeding the annual exclusion amount, which is currently $15,000 per recipient, needs to file Form 709.
02
Married couples who gift jointly may also need to file if their combined gifts to any individual exceed the annual exclusion limit.
03
Individuals who want to allocate their lifetime gift tax exemption also need to submit this form.
Fill
form
: Try Risk Free
People Also Ask about
How much does it cost to prepare a Form 709?
The Cost of Tax Preparation Tax FormCost per FormAverage Hourly Fees Form 709 (Gift Tax) $421 $178.29 Form 1041 (Fiduciary) $576 $172.66 Form 1065 (Partnership) $733 $177.29 Form 990 (Exempt Organization) $735 $171.4810 more rows
Can you submit Form 709 online?
You cannot e-file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. The Instructions for Form 709 direct you to mail it to the applicable address listed below.
Does a gift from your parents have to be reported to the IRS as income?
You most likely won't owe any gift taxes on a gift your parents make to you. Depending on the amount, your parents may need to file a gift tax return. If they give you or any other individual more than $38,000 in 2025 ($19,000 per parent), they will need to file some paperwork.
What is the IRS rule for gifting money to family members?
The total value of gifts the individual gave to at least one person (other than his or her spouse) is more than the annual exclusion amount for the year. The annual exclusion amount for 2025 is $19,000 and for 2024 is $18,000.
How much money can be gifted to a family member without being taxed?
Any gifts exceeding $18,000 in a year must be reported and contribute to your lifetime exclusion amount. You can gift up to $13.61 million over your lifetime without paying a gift tax on it (as of 2024). The IRS adjusts the annual exclusion and lifetime exclusion amounts every so often.
Who is required to file Form 709?
If you make a taxable gift (one in excess of the annual exclusion), you are required to file Form 709: US Gift (and Generation-Skipping Transfer) Tax Return. The return is required even if you don't actually owe any gift tax due to the $13.61 million lifetime exemption.
How does the IRS know if you give a gift?
Amount you need to report it to the IRS. Under certain conditions for the tax year 2025. You canMoreAmount you need to report it to the IRS. Under certain conditions for the tax year 2025. You can give up to $19,000 to any one person without having to report. It.
Who pays the gift tax, the giver or the receiver?
Gift tax is paid by the giver of money or assets, not the receiver. The good news is that this threshold is so high that few people end up having to pay the gift tax. These thresholds are referred to as exclusions. There are two separate gift tax exclusions: An annual exclusion and a lifetime exclusion.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 709?
Form 709 is a United States federal tax form used to report gifts made during the year and to calculate the gift tax owed, if any.
Who is required to file Form 709?
Individuals who give gifts exceeding the annual exclusion amount to any person, or who make transfers of property that may be subject to gift tax, are required to file Form 709.
How to fill out Form 709?
To fill out Form 709, gather the required information about the gifts made, calculate the total amount of taxable gifts, apply any exclusions or deductions, and provide details about the donors and recipients.
What is the purpose of Form 709?
The purpose of Form 709 is to report taxable gifts and calculate any gift tax liability, ensuring compliance with the federal gift tax laws.
What information must be reported on Form 709?
Form 709 requires reporting information such as the donor's and recipient's names, addresses, the value of the gifts, any qualifying exclusions, and details of prior gift tax returns if applicable.
Fill out your form 709 online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 709 is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
