Instructions For Form 709 - 2009 (Page 12 of 12) in pdf

nontax criminal laws, or to federal law

Table for Computing Gift Tax

enforcement and intelligence agencies to

combat terrorism.

Column A

Column B

Column C

Column D

We may disclose the information on

your Form 709 to the Department of the

Rate of tax

Treasury and contractors for tax

Taxable

Tax on

on excess

administration purposes; and to other

amount

amount in

over amount

persons as necessary to obtain

over

not over —

Column A

in Column A

information which we cannot get in any

- - - - -

$10,000

- - - - -

18%

other way for purposes of determining the

$10,000

20,000

$1,800

20%

amount of or to collect the tax you owe.

We may disclose the information on your

20,000

40,000

3,800

22%

Form 709 to the Comptroller General to

40,000

60,000

8,200

24%

review the Internal Revenue Service. We

60,000

80,000

13,000

26%

may also disclose the information on your

Form 709 to Committees of Congress;

80,000

100,000

18,200

28%

federal, state and local child support

100,000

150,000

23,800

30%

agencies; and to other federal agencies

150,000

250,000

38,800

32%

for the purpose of determining entitlement

250,000

500,000

70,800

34%

for benefits or the eligibility for, and the

500,000

750,000

155,800

37%

repayment of, loans.

If you are required to but do not file a

750,000

1,000,000

248,300

39%

Form 709, or do not provide the

1,000,000

1,250,000

345,800

41%

information requested on the form, or

1,250,000

1,500,000

448,300

43%

provide fraudulent information, you may

1,500,000

2,000,000

555,800

45%

be charged penalties and be subject to

2,000,000

- - - - - - -

780,800

45%

criminal prosecution.

You are not required to provide the

the far right of your signature on page 1 of

Disclosure, Privacy Act, and

information requested on a form that is

your return.

Paperwork Reduction Act Notice. We

subject to the Paperwork Reduction Act

ask for the information on this form to

If you check the “Yes” box, you (and

unless the form displays a valid OMB

carry out the Internal Revenue laws of the

your spouse, if splitting gifts) are

control number. Books or records relating

United States. We need the information to

authorizing the IRS to call your return

to a form or its instructions must be

figure and collect the right amount of tax.

preparer to answer questions that may

retained as long as their contents may

arise during the processing of your return.

Form 709 is used to report (1) transfers

become material in the administration of

subject to the federal gift and certain GST

You are also authorizing the return

any Internal Revenue law.

taxes and to figure the tax, if any, due on

preparer of your 2009 Form 709 to:

The time needed to complete and file

•

those transfers, and (2) allocation of the

Give the IRS any information that is

this form will vary depending on individual

missing from your return,

lifetime GST exemption to property

circumstances. The estimated average

•

Call the IRS for information about the

transferred during the transferor’s lifetime.

time is:

processing of your return or the status of

Our legal right to ask for the

Recordkeeping . . . . . . . . . .

52 min.

your payment(s),

information requested on this form is

•

Receive copies of notices or transcripts

sections 6001, 6011, 6019, and 6061,

Learning about the law or the

related to your return, upon request, and

form . . . . . . . . . . . . . . . . . . 1 hr., 53 min.

and their regulations. You are required to

•

Respond to certain IRS notices about

provide the information requested on this

Preparing the form . . . . . . . . 1 hr., 58 min.

math errors, offsets, and return

form. Section 6109 requires that you

Copying, assembling, and

preparation.

provide your identifying number.

sending the form to the IRS

1 hr., 3 min.

You are not authorizing your return

Generally, tax returns and return

preparer to receive any refund check, to

information are confidential, as stated in

If you have comments concerning the

bind you to anything (including any

section 6103. However, section 6103

accuracy of these time estimates or

additional tax liability), or otherwise

allows or requires the Internal Revenue

suggestions for making this form simpler,

represent you before the IRS. If you want

Service to disclose or give such

we would be happy to hear from you. You

to expand the authorization of your return

information shown on your Form 709 to

can write to the Internal Revenue Service,

preparer, see Pub. 947, Practice Before

the Department of Justice to enforce the

Tax Products Coordinating Committee,

the IRS and Power of Attorney.

tax laws, both civil and criminal, and to

SE:W:CAR:MP:T:T:SP, 1111 Constitution

The authorization will automatically

cities, states, the District of Columbia,

Ave. NW, IR-6526, Washington, DC

U.S. commonwealths or possessions, and

end no later than the due date (without

20224. Do not send the tax form to this

certain foreign governments for use in

regard to extensions) for filing your 2010

office. Instead, see Where To File on

administering their tax laws. We may also

Form 709. This is April 15, 2011, for most

page 4.

filers. If you wish to revoke the

disclose this information to other

countries under a tax treaty, to federal

authorization before it ends, see Pub.

and state agencies to enforce federal

947.

-12-

Instructions For Form 709 - 2009 Page 12

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