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UNIVERSITY OF MICHIGANCHARITABLE GIVING CAMPAIGN 2019 PLEDGE FORM 1. PLEASE PROVIDE YOUR INFORMATION. (* Required Fields) *MR/MRS/MS/DR×FIRST NAME×MI×LAST NAME×CITY×HOME ADDRESS (For credit card
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The Form 709, also known as the United States Gift (and Generation-Skipping Transfer) Tax Return, is used to report gifts subject to the federal gift tax.
Individuals who give gifts exceeding the annual exclusion amount, or who wish to allocate generation-skipping transfer tax exemptions, are required to file Form 709.
To fill out Form 709, taxpayers must provide their personal information, details about the donor and donee, list of gifts made during the year, and calculate any applicable tax or exclusions.
The purpose of Form 709 is to report taxable gifts and calculate the amount of gift tax owed, ensuring compliance with federal tax regulations.
The form requires the donor's and recipient's names and addresses, a description of the gifts made, their value, and any applicable deductions or exclusions.
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