2009 709 form-2025

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  1. Click 'Get Form' to open the IRS Form 709 (2009) in our editor.
  2. Begin by filling out the donor's information in Part 1, including first name, last name, social security number, and address. Ensure accuracy as this information is crucial for tax records.
  3. Indicate your citizenship status and whether you have previously filed a Form 709. If applicable, check the box for extended filing time.
  4. Proceed to Schedule A to list all taxable gifts made during the year. Include details such as donee's name, relationship, description of the gift, and its value.
  5. Complete Part 2 for tax computation by adding up taxable gifts and applying any deductions or credits as instructed.
  6. Review all entries for accuracy before signing at the bottom of the form. Ensure that both spouses sign if applicable.
  7. Once completed, you can print, download, or share your filled form directly from our platform.

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Who Needs to File Form 709? You need to file Form 709 if, in any tax year, you: Gave gifts exceeding the annual exclusion amount ($19,000 in 2025). Gave property transferred to a person more than once in a year that cumulatively exceeded the exclusion.
Who Must File. 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.
Average Price to File Taxes in 2025 Tax FormAverage Cost per FormAverage Hourly Fees Form 709 (Gift Tax) $421 $178.29 Form 1041 (Fiduciary) $576 $172.66 Form 1065 (Partnership) $733 $177.29 Form 990 (Exempt Organization) $735 $171.489 more rows
For the 2025 tax year, you can give up to $19,000 per recipient without needing to file Form 709. This is called the annual gift tax exclusion. For married couples, this exclusion doubles to $38,000 if both spouses agree to split the gift.
On Jan. 1, 2009, the annual exclusion for federal gift tax purposes increased from $12,000 to $13,000 per donor/per donee.

People also ask

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.
Gifts to Spouse Typically, a Form 709 will not need to be filed to record gifts to a spouse. Gifts to a spouse are not subject to federal gift tax provided that the spouse is a U.S. citizen. Between U.S. citizen spouses, gifts of both present and future interests qualify for the unlimited marital deduction.
So, regarding cash gift taxes and gift reporting, gift tax is generally not an issue for most people who are the recipients of gifts, even large monetary ones. The person who makes the gift files the gift tax return, if necessary, and pays any tax.

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