IRS Form 709
U.S. Gift Tax Return Preparation
$300
- Form 709 Preparation U.S. Gift (and Generation-Skipping Transfer) Tax Return
- Lifetime Exemption Calculation
- Annual Exclusion Review
- Gift Splitting Reporting (if applicable)
- Federal Filing Preparation
Who is this for?
Federal gift tax reporting for U.S. persons
If you made gifts exceeding the annual exclusion amount during the year, you may be required to file Form 709.
Form 709 reports taxable gifts and tracks your lifetime estate and gift tax exemption. Even if no tax is owed, filing may still be required to properly report gifts and preserve exemption amounts.
We ensure your gift reporting is accurate and properly calculated.
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Frequently asked questions
When is Form 709 due?
Form 709 is generally due on April 15, the same deadline as your individual income tax return. Extensions are available if filed on time.
Do I owe tax when I file Form 709?
Not necessarily. Most taxpayers apply their lifetime exemption, meaning no immediate tax is due. However, the filing is still required to report the gift.
What is the annual gift exclusion?
The annual exclusion allows you to give up to a certain amount per recipient per year without using your lifetime exemption. Amounts above that threshold must be reported.
What is gift splitting?
Gift splitting allows married couples to treat a gift made by one spouse as made equally by both spouses, potentially increasing the exclusion amount. A Form 709 filing is required to elect gift splitting.
