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Table for Computing Gift Tax

corporation to prepare your return, that

person also must sign the return as

preparer unless he or she is your regular

Column A

Column B

Column C

Column D

full-time employee.

Rate of tax

Remember, if you and your spouse

Taxable

Tax on

on excess

have consented to split gifts, your spouse

amount

amount in

over amount

must also sign and date the return in Part

over

not over—

Column A

in Column A

1, line 18.

- - - - -

$10,000

- - - - -

18%

Third-party designee. If you want to

$10,000

20,000

$1,800

20%

allow the return preparer (listed on the

20,000

40,000

3,800

22%

bottom of page 1 of Form 709) to discuss

40,000

60,000

8,200

24%

your 2017 Form 709 with the IRS, check

60,000

80,000

13,000

26%

the “Yes” box to the far right of your

signature on page 1 of your return.

80,000

100,000

18,200

28%

100,000

150,000

23,800

30%

If you check the “Yes” box, you (and

150,000

250,000

38,800

32%

your spouse, if splitting gifts) are

authorizing the IRS to call your return

250,000

500,000

70,800

34%

preparer to answer questions that may

500,000

750,000

155,800

37%

arise during the processing of your return.

750,000

1,000,000

248,300

39%

You also are authorizing the return

1,000,000

- - - - -

345,800

40%

preparer of your 2017 Form 709 to:

Give the IRS any information that is

missing from your return;

Line 10

donor's social security number on it. You

Call the IRS for information about the

may not use an overpayment on Form

Enter 20% of the amount allowed as a

processing of your return or the status of

1040 to offset the gift and GST taxes

specific exemption for gifts made after

your payment(s);

owed on Form 709.

September 8, 1976, and before January 1,

Receive copies of notices or transcripts

1977. (These amounts will be among

related to your return, upon request; and

No checks of $100 million or more

those listed in Schedule B, column D, for

Respond to certain IRS notices about

accepted. The IRS cannot accept a single

gifts made in the third and fourth quarters

math errors, offsets, and return

check (including a cashier's check) for

of 1976.)

preparation.

amounts of $100,000,000 ($100 million) or

Line 13

more. If you're sending $100 million or

You are not authorizing your return

more by check, you'll need to spread the

preparer to receive any refund check, to

Gift tax conventions are in effect with

payments over two or more checks, with

bind you to anything (including any

Australia, Austria, Denmark, France,

each check made out for an amount less

additional tax liability), or otherwise

Germany, Japan, and the United

than $100 million. The $100 million or

represent you before the IRS. If you want

Kingdom. If you are claiming a credit for

more amount limit does not apply to other

to expand the authorization of your return

payment of foreign gift tax, figure the

methods of payment (such as electronic

preparer, see Pub. 947, Practice Before

credit and attach the calculation to Form

payments), so please consider paying by

the IRS and Power of Attorney.

709, along with evidence that the foreign

means other than checks.

The authorization will automatically end

taxes were paid. See the applicable

three years from the date of filing Form

convention for details of computing the

Signature

709. If you wish to revoke the

credit.

As a donor, you must sign the return. If

authorization before it ends, see Pub. 947.

Line 19

you pay another person, firm, or

Make your check or money order payable

to “United States Treasury” and write the

Disclosure, Privacy Act, and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal

Revenue laws of the United States. We need the information to figure and collect the right amount of tax. Form 709 is used to report

(1) transfers subject to the federal gift and certain GST taxes and to figure the tax, if any, due on those transfers, and (2) allocations of

the lifetime GST exemption to property transferred during the transferor's lifetime.

Our legal right to ask for the information requested on this form is found in sections 6001, 6011, 6019, and 6061, and their

regulations. You are required to provide the information requested on this form. Section 6109 requires that you provide your identifying

number.

Generally, tax returns and return information are confidential, as stated in section 6103. However, section 6103 allows or requires

the Internal Revenue Service to disclose or give such information shown on your Form 709 to the Department of Justice to enforce the

tax laws, both civil and criminal, and to cities, states, the District of Columbia, and U.S. commonwealths or possessions for use in

administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies

to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.

We may disclose the information on your Form 709 to the Department of the Treasury and contractors for tax administration

purposes; and to other persons as necessary to obtain information which we cannot get in any other way for purposes of determining

the amount of or to collect the tax you owe. We may disclose the information on your Form 709 to the Comptroller General to review

the Internal Revenue Service. We may also disclose the information on your Form 709 to Committees of Congress; federal, state, and

local child support agencies; and to other federal agencies for the purpose of determining entitlement for benefits or the eligibility for,

and the repayment of, loans.

If you are required to but do not file a Form 709, or do not provide the information requested on the form, or provide fraudulent

information, you may be charged penalties and be subject to criminal prosecution.

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Instructions For Form 709 - United States Gift (And Generation-Skipping Transfer) Tax Return - 2017 Page 19

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