Official Federal Forms > Department Of Treasury
Form 709 United States Gift (And Generation-Skipping Transfer) Tax Return 709 - Official Federal Forms
| Form 709 United States Gift (And Generation-Skipping Transfer) Tax Return Form. This is a national form and can be used in Department Of Treasury . |
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Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return Information about Form 709 and its separate instructions is at www.irs.gov/form709. (For gifts made during calendar year 2012) OMB No. 1545-0020 Department of the Treasury Internal Revenue Service 1 Donor's first name and middle initial See instructions. 2 Donor's last name 2012 3 Donor's social security number 4 Address (number, street, and apartment number) 5 Legal residence (domicile) 6 City, state, and ZIP or postal code 7 Citizenship (see instructions) Part 1--General Information 8 9 10 11a b 12 If the donor died during the year, check here and enter date of death , . Yes No If you extended the time to file this Form 709, check here Enter the total number of donees listed on Schedule A. Count each person only once. Have you (the donor) previously filed a Form 709 (or 709-A) for any other year? If "No," skip line 11b Has your address changed since you last filed Form 709 (or 709-A)? ......... . . . . . . . . . . . . . . Gifts by husband or wife to third parties. Do you consent to have the gifts (including generation-skipping transfers) made by you and by your spouse to third parties during the calendar year considered as made one-half by each of you? (see instructions.) (If the answer is "Yes," the following information must be furnished and your spouse must sign the consent shown below. If the answer is "No," skip lines 1318.) . . . . . . . . . . . . . . . . . . . . Name of consenting spouse 14 SSN . . . . . . . . Were you married to one another during the entire calendar year? (see instructions) . . . . . . . . If 15 is "No," check whether married divorced or widowed/deceased, and give date (see instructions) Will a gift tax return for this year be filed by your spouse? (If "Yes," mail both returns in the same envelope.) . 13 15 16 17 18 Consent of Spouse. I consent to have the gifts (and generation-skipping transfers) made by me and by my spouse to third parties during the calendar year considered as made one-half by each of us. We are both aware of the joint and several liability for tax created by the execution of this consent. Date Consenting spouse's signature 19 Have you applied a DSUE amount received from a predeceased spouse to a gift or gifts reported on this or a previous Form 709? If "Yes," complete Schedule C . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 Enter the amount from Schedule A, Part 4, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Enter the amount from Schedule B, line 3 . . . . . . . . . . . . . Total taxable gifts. Add lines 1 and 2 . . . . . . . . . . . . . . . Tax computed on amount on line 3 (see Table for Computing Gift Tax in instructions) Tax computed on amount on line 2 (see Table for Computing Gift Tax in instructions) Balance. Subtract line 5 from line 4 . . . . . . . . . . . . . . . Part 2--Tax Computation 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Applicable credit amount. If donor has DSUE amount from predeceased spouse(s), enter amount from Schedule C, line 5; otherwise, see instructions . . . . . . . . . . . . . . Enter the applicable credit against tax allowable for all prior periods (from Sch. B, line 1, col. C) Balance. Subtract line 8 from line 7. Do not enter less than zero . . . . . . . . . . . . Enter 20% (.20) of the amount allowed as a specific exemption for gifts made after September 8, 1976, and before January 1, 1977 (see instructions) . . . . . . . . . . . . . . Balance. Subtract line 10 from line 9. Do not enter less than zero Applicable credit. Enter the smaller of line 6 or line 11 . Credit for foreign gift taxes (see instructions) ... Total credits. Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Attach check or money order here. Balance. Subtract line 14 from line 6. Do not enter less than zero ... Generation-skipping transfer taxes (from Schedule D, Part 3, col. H, Total) . Total tax. Add lines 15 and 16 . . . . . . . . . . . . . . Gift and generation-skipping transfer taxes prepaid with extension of time to file . If line 18 is less than line 17, enter balance due (see instructions) . . . . . If line 18 is greater than line 17, enter amount to be refunded . . . . . . Sign Here Under penalties of perjury, I declare that I have examined this return, including any accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than donor) is based on all information of which preparer has any knowledge. May the IRS discuss this return with the preparer shown below (see instructions)? Yes No Signature of donor Date Preparer's signature Date Check if self-employed Firm's EIN Phone no. Cat. No. 16783M Form 709 (2012) PTIN Paid Preparer Use Only Print/Type preparer's name Firm's name Firm's address For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see the instructions for this form. American LegalNet, Inc. www.FormsWorkFlow.com Form 709 (2012) Page 2 SCHEDULE A A B Computation of Taxable Gifts (Including transfers in trust) (see instructions) Does the value of any item listed on Schedule A reflect any valuation discount? If "Yes," attach explanation ...... Yes No Check here if you elect under section 529(c)(2)(B) to treat any transfers made this year to a qualified tuition program as made ratably over a 5-year period beginning this year. See instructions. Attach explanation. Part 1--Gifts Subject Only to Gift Tax. Gifts less political organization, medical, and educational exclusions. (see instructions) A Item number B · Donee's name and address · Relationship to donor (if any) · Description of gift · If the gift was of securities, give CUSIP no. · If closely held entity, give EIN C D Donor's adjusted basis of gift E Date of gift F Value at date of gift G For split gifts, enter 1/2 of column F H Net transfer (subtract col. G from col. F) 1 Gifts made by spouse --complete only if you are splitting gifts with your spouse and he/she also made gifts. Total of Part 1. Add amounts from Part 1, column H . . . . . . . . . . . . . . . . . . . . . . Part 2--Direct Skips. Gifts that are direct skips and are subject to both gift tax and generation-skipping transfer tax. You must list the gifts in chronological ord
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