Get Aicpa Gift Tax Return Checklist Form 709 2019-2025

Filling out the AICPA Gift Tax Return Checklist Form 709 online can seem overwhelming, but with a systematic approach, it becomes manageable. This guide aims to provide clear, step-by-step instructions to assist you in completing the form accurately and efficiently.

Follow the steps to fill out the form correctly.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Enter the taxpayer (donor) name and their identification number at the beginning of the form.
3. Inquire if there was a change in marital status during the year and document accordingly.
4. Ask the taxpayer to provide any correspondence from the IRS or state tax authority regarding adjustments to prior gift tax returns.
5. Ascertain whether there are any conflicts of interest between the donor and spouse or between the donor and donee(s).
6. Consider whether state gift tax return filing requirements apply to the donor's situation.
7. If applicable, figure out the due date for Form 709 in case the donor passed away during the gift year.
8. Determine whether any disaster relief provisions are applicable to the gifts made.
9. Collect information on any gifts of present interest exceeding $15,000 made by the donor to any donee.
10. Evaluate exceptions for transfers to political organizations and qualified educational institutions, ensuring to note that specific conditions apply.
11. Document any gifts of future interest made by the donor, regardless of the amount.
12. Proceed through each section of the form sequentially, ensuring all checks are communicated, supporting documents collected, and questions are answered thoroughly.
13. Once completed, review the document for accuracy, save any changes, and download or print the form for further processing.

Complete your forms online with confidence using this guide.