However, although this election may keep you from having to pay tax, you'll still have to file a gift tax return in order to claim it. Other exclusions also keep you from having to file Form 709.

However, although this election may keep you from having to pay tax, you'll still have to file a gift tax return in order to claim it. Other exclusions also keep you from having to file Form 709.

Generally speaking you only need to file a gift tax form when you exceed the annual $11,000 tax-free gift limit. But it's also prudent to send in that Form 709 every time you make a transaction ...

But you must file Form 709 and reduce your lifetime exemption by the excess. Who files Form 709 -- the giver or receiver? The giver is responsible for filing. The giver is responsible for filing.

However, although this election may keep you from having to pay tax, you'll still have to file a gift tax return in order to claim it. Other exclusions also keep you from having to file Form 709.

On Sept. 18, the IRS posted draft instructions to accompany draft Form 706, including guidance regarding the portability of the deceased spousal unused exclusion (DSUE) amount and a new Schedule ...