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Who must file form 709?

In general. If you are a citizen or resident of the United States, you must file a gift tax return (whether or not any tax is ultimately due) in the following situations. If you gave gifts to someone in 2024 totaling more than $18,000 (other than to your spouse), you probably must file Form 709.

What is the IRS form to remove a member from an LLC?

Form 8979 is used to revoke a partnership representative or designated individual, resign as a partnership representative or designated individual, or designate a partnership representative where no partnership representative is in effect.

What is the purpose of IRS form 709?

Form 709 is used to report transfers subject to the Federal gift and certain generation-skipping transfer (GST) taxes, and to figure the tax, if any, due on those transfers.

What is the 7004 form used for?

Use Form 7004 to request an automatic 6-month extension of time to file certain business income tax, information, and other returns.

What is form 704?

Form 704 is a Gift and Generation-Skipping Transfer Tax Return, which is required to be filed by individuals who make certain gifts or transfers of property during their lifetime, or who have a certain amount of assets subject to the generation-skipping transfer tax.