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, 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, tax computation for taxable gifts, and schedules for detailing gifts subject to gift tax and generation-skipping transfer tax. The form requires information on donees, consent from spouses for gift splitting, and calculations related to applicable credits and taxes.

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

With DocHub, making adjustments to your documentation takes only a few simple clicks. Make these quick steps to modify the PDF 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return online for free:

Register and log in to your account. Log in to the editor with your credentials or click Create free account to examine the tool’s features.
Add the 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return for redacting. Click the New Document option above, then drag and drop the file to the upload area, import it from the cloud, or via a link.
Modify your file. Make any adjustments needed: insert text and pictures to your 2023 Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return, underline important details, erase sections of content and replace them with new ones, and insert icons, checkmarks, and areas for filling out.
Complete redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is very user-friendly and effective. Give it a try now!

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 for 2023 IRS Form 709 for 2024 Form 709 instructions IRS Form 709 PDF IRS Form 709 filled out example Form 709 instructions 2023 IRS Form 709 for 2024 PDF IRS Form 709 instructions 2024

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.