Since it is rare to pay gift tax out of pocket when looking to the gift tax annual exclusion and gift tax applicable credit, the determination of when a gift tax return must be filed can be a bit confusing. In this presentation, we discuss the general due dates and filing requirements for federal gift tax returns, which are submitted using IRS Form 709.
We DO NOT discuss penalties or preparation relating to the gift tax return. These topics will be covered in a later Episode.
