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Table for Computing Gift Tax

countries under a tax treaty, to federal

and state agencies to enforce federal

nontax criminal laws, or to federal law

Column A

Column B

Column C

Column D

enforcement and intelligence agencies to

combat terrorism.

Rate of tax

We may disclose the information on

Taxable

Tax on

on excess

your Form 709 to the Department of the

amount

amount in

over amount

Treasury and contractors for tax

over

not over —

Column A

in Column A

administration purposes; and to other

- - - - -

$10,000

- - - - -

18%

persons as necessary to obtain

$10,000

20,000

$1,800

20%

information which we cannot get in any

20,000

40,000

3,800

22%

other way for purposes of determining the

40,000

60,000

8,200

24%

amount of or to collect the tax you owe.

60,000

80,000

13,000

26%

We may disclose the information on your

Form 709 to the Comptroller General to

80,000

100,000

18,200

28%

review the Internal Revenue Service. We

100,000

150,000

23,800

30%

may also disclose the information on your

150,000

250,000

38,800

32%

Form 709 to Committees of Congress;

250,000

500,000

70,800

34%

federal, state and local child support

500,000

750,000

155,800

37%

agencies; and to other federal agencies

for the purpose of determining entitlement

750,000

1,000,000

248,300

39%

for benefits or the eligibility for, and the

1,000,000

1,250,000

345,800

41%

repayment of, loans.

1,250,000

1,500,000

448,300

43%

If you are required to but do not file a

1,500,000

2,000,000

555,800

45%

Form 709, or do not provide the

2,000,000

- - - - - - -

780,800

47%

information requested on the form, or

provide fraudulent information, you may

be charged penalties and be subject to

Line 10

criminal prosecution.

Disclosure, Privacy Act, and

Enter 20% of the amount allowed as a

You are not required to provide the

Paperwork Reduction Act Notice. We

specific exemption for gifts made after

information requested on a form that is

ask for the information on this form to

September 8, 1976, and before January

subject to the Paperwork Reduction Act

carry out the Internal Revenue laws of the

1, 1977. (These amounts will be among

unless the form displays a valid OMB

United States. We need the information to

those listed in Schedule B, column D, for

control number. Books or records relating

figure and collect the right amount of tax.

gifts made in the third and fourth quarters

to a form or its instructions must be

Form 709 is used to report (1) transfers

of 1976.)

retained as long as their contents may

subject to the federal gift and certain

become material in the administration of

Line 13

generation-skipping transfer (GST) taxes

any Internal Revenue law.

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

Gift tax conventions are in effect with

The time needed to complete and file

transfers, and (2) allocation of the lifetime

Australia, Austria, Denmark, France,

this form will vary depending on individual

GST exemption to property transferred

Germany, Japan, Sweden, and the United

circumstances. The estimated average

during the transferor’s lifetime.

Kingdom. If you are claiming a credit for

time is:

payment of foreign gift tax, figure the

Our legal right to ask for the

credit on an attached sheet and attach

information requested on this form is

Recordkeeping . . . . . . . . . .

52 min.

evidence that the foreign taxes were paid.

sections 6001, 6011, 6019, and 6061,

Learning about the law or the

See the applicable convention for details

and their regulations. You are required to

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

of computing the credit.

provide the information requested on this

form. Section 6109 requires that you

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

Line 19

provide your social security number; this

Copying, assembling, and

Make your check or money order payable

is so we know who you are, and can

sending the form to the IRS

1 hr., 3 min.

to “United States Treasury” and write the

process your Form 709.

donor’s social security number on it. You

If you have comments concerning the

Generally, tax returns and return

may not use an overpayment on Form

accuracy of these time estimates or

information are confidential, as stated in

1040 to offset the gift and GST taxes

suggestions for making this form simpler,

section 6103. However, section 6103

owed on Form 709.

we would be happy to hear from you. You

allows or requires the Internal Revenue

can write to the Internal Revenue Service,

Signature

Service to disclose or give such

Tax Products Coordinating Committee,

information shown on your Form 709 to

As a donor, you must sign the return. If

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

the Department of Justice to enforce the

you pay another person, firm, or

Ave. NW, IR-6406, Washington, DC

tax laws, both civil and criminal, and to

corporation to prepare your return, that

20224. Do not send the tax form to this

cities, states, the District of Columbia,

person must also sign the return as

office. Instead, see Where To File on

U.S. commonwealths or possessions, and

preparer unless he or she is your regular

page 4.

certain foreign governments for use in

full-time employee.

administering their tax laws. We may also

disclose this information to other

-12-

Instructions For Form 709 - United States Gift (And Generation-Skipping Transfer) Tax Return - 2005 Page 12

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