Instructions for Form 709 - Introductory Material
For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see page 12.
For Gifts Made
After |
and |
Before |
|
Use Revision of
Form 709 Dated |
| - - - - - |
|
January 1, 1982 |
|
November 1981 |
| December 31, 1981 |
|
January 1, 1987 |
|
January 1987 |
| December 31, 1986 |
|
January 1, 1989 |
|
December 1988 |
| December 31, 1988 |
|
January 1, 1990 |
|
December 1989 |
| December 31, 1989 |
|
October 9, 1990 |
|
October 1990 |
| October 8, 1990 |
|
January 1, 1992 |
|
November 1991 |
| December 31, 1992 |
|
January 1, 1998 |
|
December 1996 |
| December 31, 1997 |
|
- - - - - |
|
* |
* Use the corresponding annual form.
-
For gifts made to spouses who are not U.S. citizens, the annual exclusion has increased to $125,000. See Nonresident Aliens on page 3.
-
File Form 709 at the Internal Revenue Service Center listed under Where To File on page 4.
-
The Small Business and Work Opportunity Tax Act of 2007, P.L. 110-28, extends the application of income tax return preparer penalties to all tax return preparers, including gift tax return preparers. See Penalties, Return preparer on page 4 for more details.
-
On page 1 of Form 709, to the far right of the donor's signature, we have added a new third-party designee checkbox. Check the “Yes” box if you want to allow the IRS to discuss your 2007 Form 709 with the paid preparer who signed it. See Third-party designee on page 12 for more information.
-
The maximum estate tax rate used to compute the gift tax has decreased from 46% to 45%. See the Table for Computing Gift Tax on page 12.
Photographs of Missing Children
The IRS is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
