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 709 Form 2004

2004-2025 Form

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What is a W-9 tax form? What is a W-9 tax form?

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Video instructions and help with filling out and completing 709 Form

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Instructions and help about 709 Form

all right for this video I want to cover a sample form 709 which is a Us gift and GST tax return so this is going to be for the 2023 tax year and in this scenario we have a donor here Jane Q taxpayer Who gifts cash and publicly traded Securities to her daughter and so this needs to be reported on a 709 so we've got the full 709 here which we'll go through we've also got the 20 2023 form 709 instructions so we'll reference this as well and then lastly we have one slide here covering some background on the 709 and the details on the fact pattern so who must file the 709s generally speaking these are filed by individuals that are US citizens or us residents and they have to file them if they make either taxable gifts during the year or they make a gift of future interest now a taxable gift is a gift of a present interest that exceeds the annual exclusion so not all gifts have to be reported right if you have a gift that's under the annual exclusion

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