Gift Tax Returns (Form 709)

What we need

• Your name, Social Security number, and address
• Any prior-year gift tax returns you've filed
• Whether you're splitting gifts with your spouse
• For each gift: who received it, your relationship, the date, and a description
• The value of each gift — amounts for cash, appraisals for property
• Valuation reports for gifts of stock or business interests
• Large 529 college-plan contributions
• Trust documents, if any gifts went into a trust

The yearly free amount: you can give up to a set amount per person each year with nothing to report. Only gifts above that line generally need a return — and even then, most people owe no tax thanks to the large lifetime exemption. Bring the details and we'll sort out what actually needs filing.

What's included

• A review of the gifts you made during the year
• Complete preparation of your federal Form 709
• The gift-splitting election with your spouse, where it applies
• Tracking of the lifetime exemption you've used
• Secure filing with the IRS
• A copy of the completed return for your records
• If we make an error on your return, we fix it