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Form 4868 If you need an additional extension see Additional Time on page 3. Note An extension of time to file your 1995 calendar year income tax return also extends the time to file a gift or generation-skipping transfer GST tax retur n Form 709 or 709-A for 1995.

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What is form 709?

Form 709 is the United States Gift (and Generation-Skipping Transfer) Tax Return.

Who is required to file form 709?

Anyone who gives gifts to someone and the total value exceeds the annual exclusion amount ($15,000 in 2023) or makes a generation-skipping transfer is required to file form 709.

How to fill out form 709?

Form 709 can be filled out manually by following the instructions provided by the IRS or electronically using tax preparation software that supports this form.

What is the purpose of form 709?

The purpose of form 709 is to report and calculate the gift and generation-skipping transfer taxes owed by the taxpayer.

What information must be reported on form 709?

Form 709 requires the reporting of the taxpayer's personal information, the gift or transfer details, and the calculation of the taxes owed based on the given values.

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