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We may disclose the information on your

Table for Computing Gift Tax

Form 709 to the Comptroller General to

review the Internal Revenue Service. We

Column A

Column B

Column C

Column D

may also disclose the information on your

Form 709 to Committees of Congress;

Rate of tax

federal, state and local child support

Taxable

Tax on

on excess

agencies; and to other federal agencies

amount

amount in

over amount

for the purpose of determining entitlement

over

not over —

Column A

in Column A

for benefits or the eligibility for, and the

repayment of, loans.

- - - - -

$10,000

- - - - -

18%

$10,000

20,000

$1,800

20%

If you are required to but do not file a

20,000

40,000

3,800

22%

Form 709, or do not provide the

40,000

60,000

8,200

24%

information requested on the form, or

60,000

80,000

13,000

26%

provide fraudulent information, you may

be charged penalties and be subject to

criminal prosecution.

80,000

100,000

18,200

28%

100,000

150,000

23,800

30%

You are not required to provide the

150,000

250,000

38,800

32%

information requested on a form that is

250,000

500,000

70,800

34%

subject to the Paperwork Reduction Act

500,000

750,000

155,800

37%

unless the form displays a valid OMB

control number. Books or records relating

750,000

1,000,000

248,300

39%

to a form or its instructions must be

1,000,000

1,250,000

345,800

41%

retained as long as their contents may

become material in the administration of

1,250,000

1,500,000

448,300

43%

any Internal Revenue law.

1,500,000

2,000,000

555,800

45%

2,000,000

- - - - - - -

780,800

46%

The time needed to complete and file

this form will vary depending on individual

circumstances. The estimated average

allows or requires the Internal Revenue

Disclosure, Privacy Act, and

time is:

Service to disclose or give such

Paperwork Reduction Act Notice. We

information shown on your Form 709 to

Recordkeeping . . . . . . . . . .

52 min.

ask for the information on this form to

the Department of Justice to enforce the

carry out the Internal Revenue laws of the

Learning about the law or the

tax laws, both civil and criminal, and to

United States. We need the information to

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

cities, states, the District of Columbia,

figure and collect the right amount of tax.

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

U.S. commonwealths or possessions, and

Form 709 is used to report (1) transfers

certain foreign governments for use in

subject to the federal gift and certain GST

Copying, assembling, and

administering their tax laws. We may also

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

sending the form to the IRS

1 hr., 3 min.

disclose this information to other

those transfers, and (2) allocation of the

If you have comments concerning the

countries under a tax treaty, to federal

lifetime GST exemption to property

accuracy of these time estimates or

and state agencies to enforce federal

transferred during the transferor’s lifetime.

suggestions for making this form simpler,

nontax criminal laws, or to federal law

Our legal right to ask for the

we would be happy to hear from you. You

enforcement and intelligence agencies to

information requested on this form is

can write to the Internal Revenue Service,

combat terrorism.

sections 6001, 6011, 6019, and 6061,

Tax Products Coordinating Committee,

We may disclose the information on

and their regulations. You are required to

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

your Form 709 to the Department of the

provide the information requested on this

Ave. NW, IR-6406, Washington, DC

Treasury and contractors for tax

form. Section 6109 requires that you

20224. Do not send the tax form to this

administration purposes; and to other

provide your social security number; this

office. Instead, see Where To File on

persons as necessary to obtain

is so we know who you are, and can

page 4.

information which we cannot get in any

process your Form 709.

other way for purposes of determining the

Generally, tax returns and return

amount of or to collect the tax you owe.

information are confidential, as stated in

section 6103. However, section 6103

-12-

Instructions For Form 709 - United States Gift (And Generation-Skipping Transfer) Tax Return - 2006 Page 12

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