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Form 706GSD Rev June Fill in Version Generation Skipping Transfer Tax Return for Distributions

Form 706GSD Rev June Fill in Version Generation Skipping Transfer Tax Return for Distributions

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all right for this video I want to go over a sample form 709 which is a Us gift and GST tax return and this is going to be for the 2023 tax year now we have the full 709 here for 2023 so we'll go through all the pages we've also got the form 709 instructions for 2023 so we'll cover uh the tables Within These as well and then we have a copy of the tax pay 2021 form 709 which we need to pull through some information for the current period uh We've also got an Excel workbook here which is the recalculation of the credit allowable for prior periods so we'll cover this as well and why this is important and then lastly we've got one slide here covering some background on the 709 and the fact pattern uh and then we'll get into the return itself so the in this example we want to cover one of the most basic returns which is just a cash gift to a non-skip person all right so this is about as basic as it can get with these 709s obviously the

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