The IRS states that a six-month extension of time to file the Form 709 otherwise due on April 15, 2021 can be obtained by: Filing Form 8892, Application for Automatic Extension of Time to File Form 709 and/or Payment of Gift/Generation-Skipping Transfer Tax on or before April 15, 2021.

Can a gift tax return be electronically filed?

You cannot e-file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. The Instructions for Form 709 directs you to mail it to the applicable address listed below. Effective January 1, 2019, file Form 709 at the following address.

Do you have to fill out a 709 tax return?

But once you transfer a taxable gift valued at above those limits to any one person, you have to fill out Form 709. Officially, it’s called the United States Gift (and Generation-Skipping Transfer) Tax Return. If you make a joint gift with your spouse, each individual must fill out a Form 709. There is no joint Form 709.

When to skip Line 12 on Form 709?

Line 12 would also allow you to check off on whether you and your spouse made joint gifts for the tax year. If not, you may skip lines 13 through 18. Note that your spouse must also sign Form 709 in the appropriate spot if you made joint gifts. But each would have to fill out his or her own form.

How to file Form 709 for a 529 plan?

Here is my Form 709, Schedule A, Line B Attachment Form 709, Schedule A, Line B Attachment – Donor made a gift to a Qualified State Tuition Program (a 529 plan). – Total amount contributed $140,000 in 2014.

What are the instructions for Form 709 for 2020?

For the latest information about developments related to Form 709 and its instructions, such as legislation enacted after they were published, go to * Use the corresponding annual form. The annual gift exclusion for 2020 is $15,000. See Annual Exclusion, later.