2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return-2025

See details

4.4 out of 5

50 votes

The document is the 2023 Form 709, the United States Gift (and Generation-Skipping Transfer) Tax Return, used by donors to report gifts made during the calendar year. It includes sections for general information about the donor and donees, tax computation for taxable gifts, and schedules for detailing specific gifts and applicable credits. The form also addresses issues related to spousal consent for gift splitting and provides instructions for reporting digital assets.

Here's how it works

01. Edit your form 709 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send fillable irs form 709 via email, link, or fax. You can also download it, export it or print it out.

How to modify 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click 'Get Form' to open it in the editor.
Begin with Part 1—General Information. Fill in the donor's first and last name, social security number, and address. Ensure accuracy as this information is crucial for identification.
Proceed to line 11 to indicate if you have previously filed a Form 709. If applicable, answer questions regarding your marital status and consent for gift splitting with your spouse.
Move to Part 2—Tax Computation. Calculate total taxable gifts by adding amounts from Schedule A. Follow the instructions carefully for tax computation based on the provided tables.
Complete Schedules A, B, C, and D as necessary, ensuring all gifts are accurately reported and categorized.
Finally, review your entries for accuracy before signing the form. You can print, download, or share the completed form directly from our platform.

Empower yourself with DocHub to streamline your Form 709 completion process today!

See more 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return versions

We've got more versions of the 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return form. Select the right 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.4 Satisfied (50 Votes)
2022	4.9 Satisfied (46 Votes)
2021	4.9 Satisfied (24 Votes)
2020	4.3 Satisfied (180 Votes)
2019	4.3 Satisfied (183 Votes)
2018	4.3 Satisfied (183 Votes)
2017	4.2 Satisfied (54 Votes)
2016	4.4 Satisfied (60 Votes)
2015	4 Satisfied (25 Votes)
2014	4 Satisfied (38 Votes)
2013	4.3 Satisfied (55 Votes)
2012	4.1 Satisfied (59 Votes)
2011	4 Satisfied (41 Votes)
2009	4 Satisfied (27 Votes)
2008	4.2 Satisfied (24 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is generation-skipping transfer tax the same as gift tax?

The federal estate tax applies to the transfer of property at death. The gift tax applies to transfers made while a person is living. The generation-skipping transfer tax is an additional tax on a transfer of property that skips a generation.

What happens if you dont file form 709 on Reddit?

All OP needs to do is file a 709. Since no tax will be due, there is no penalty for failure to file because the penalty is based on the amount of tax due.

What happens if I dont file Form 709?

The IRS can impose penalties for not filing a gift tax return, even when no tax was due. Gifts above the annual gift tax exclusion amount of $16,000 made during the year generally must be reported on Form 709. The gifts might not be taxed, because of the lifetime gift tax exclusion.

Can I file form 709 separately from my tax return?

All gift and GST taxes must be figured and filed on a calendar year basis. List all reportable gifts made during the calendar year on one Form 709. This means you must file a separate return for each calendar year a reportable gift is given (for example, a gift given in 2023 must be reported on a 2023 Form 709).

What is Form 709 gift and generation-skipping transfer tax return?

Form 709 reports taxable gifts and generation-skipping tax lifetime exemption allocations. Certain types of financial gifts may qualify as exclusions for the gift tax. Generation-skipping tax ensures that the proper amount of estate tax is paid when a generation-skipping trust transfers assets among family members.

form 709 software free

IRS Form 709 PDF Form 709 instructions 2023 Form 709 instructions IRS Form 709 filled out example IRS Form 709 instructions 2024 Form 706 form 709-na Form 709 due date

Is there a penalty for not filing Form 709?

If you fail to pay the penalty, you could be responsible for the amount of the gift tax due and . 5% of the amount of the gift for every month after the due date.

What triggers a gift tax audit?

What Can Trigger a Gift or Estate Tax Audit? Here are some of the common factors that can lead to gift or estate tax audits: Total estate and gift value: Generally speaking, gift and estate tax returns are more likely to be audited when there are taxes owed and the size of the transaction or estate is relatively large.