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Obtain Copies of Instruments of Transfer and Gift Tax Returns Form

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Obtain Copies of Instruments of Transfer and Gift Tax Returns Form

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hi everybody welcome back to the tenth of an hour with griffin bridgers for today's episode episode 107 we're going to dig into the filing requirements for the gift tax return irs form 709 and seek to answer the question when must i file a gift tax return now as always this presentation is not intended to substitute for legal or tax advice and is provided for educational purposes only so give tax return filing is a tricky proposition because it's extremely rare that gift taxes ever paid out of pocket now the filing requirement still may require you to file even if no taxes paid out of pocket there's a hierarchy to determine that and these are some of the issues we're going to look at but you usually look at gifts on a calendar year basis by an individual and then you dig into some exclusions one is the gift tax annual exclusion which applies to each donee receiving a present interest and excludes the first fifteen thousand dollars of present inte

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