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The inclusion ratio of the trust after the

Germany, Japan, Sweden, and the United

nontax criminal laws and to combat

allocation.

Kingdom. If you are claiming a credit for

terrorism.

Total the exemption allocations and

payment of foreign gift tax, figure the

We may disclose the information on

enter this total on line 6.

credit on an attached sheet and attach

your Form 709 to the Department of the

evidence that the foreign taxes were paid.

Note: Where the property involved in

Treasury and contractors for tax

See the applicable convention for details

such a transfer is subject to an estate tax

administration purposes; and to other

of computing the credit.

inclusion period (ETIP) because it would

persons as necessary to obtain

be includible in the donor’s estate if the

information which we cannot get in any

Line 19

donor died immediately after the transfer

other way for purposes of determining the

Make your check or money order payable

(other than by reason of the donor having

amount of or to collect the tax you owe.

to “United States Treasury” and write the

died within 3 years of making the gift), an

We may disclose the information on your

donor’s social security number on it. You

allocation of the GST exemption at the

Form 709 to the Comptroller General to

may not use an overpayment on Form

time of the transfer will only become

review the Internal Revenue Service. We

1040 to offset the gift and GST taxes

effective at the end of the ETIP. For

may also disclose the information on your

owed on Form 709.

details, see Transfers Subject to an

Form 709 to Committees of Congress;

“Estate Tax Inclusion Period” on page

Signature

Federal, state and local child support

3 and section 2642(f).

agencies; and to other Federal agencies

As a donor, you must sign the return. If

for the purpose of determining entitlement

you pay another person, firm, or

Part 3—Tax Computation

for benefits or the eligibility for, and the

corporation to prepare your return, that

You must enter in Part 3 every gift you

repayment of, loans.

person must also sign the return as

listed in Part 1 of Schedule C.

If you are required to but do not file a

preparer unless he or she is your regular

Column C

Form 709, or do not provide the

full-time employee.

information requested on the form, or

You are not required to allocate your

provide fraudulent information, you may

available exemption. You may allocate

Disclosure, Privacy Act, and

be charged penalties and be subject to

some, all, or none of your available

Paperwork Reduction Act Notice. We

criminal prosecution.

exemption, as you wish, among the gifts

ask for the information on this form to

You are not required to provide the

listed in Part 3 of Schedule C. However,

carry out the Internal Revenue laws of the

information requested on a form that is

the total exemption claimed in column C

United States. We need the information to

subject to the Paperwork Reduction Act

may not exceed the amount you entered

figure and collect the right amount of tax.

unless the form displays a valid OMB

on line 3 of Part 2 of Schedule C.

Form 709 is used to report (1) transfers

control number. Books or records relating

You may enter an amount in column C

subject to the Federal gift and certain

to a form or its instructions must be

generation-skipping transfer (GST) taxes

that is greater than the amount you

retained as long as their contents may

entered in column B.

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

become material in the administration of

transfers, and (2) allocation of the lifetime

Column D

any Internal Revenue law.

GST exemption to property transferred

Carry your computation to three decimal

The time needed to complete and file

during the transferor’s lifetime.

places (e.g., “1.000”).

this form will vary depending on individual

Our legal right to ask for the

circumstances. The estimated average

information requested on this form is

time is:

sections 6001, 6011, and 6019, and their

Part 2—Tax Computation

regulations. You are required to provide

Recordkeeping . . . . . . . . . .

1 hr., 5 min.

(Page 1 of Form)

the information requested on this form.

Learning about the law or the

Section 6109 requires that you provide

form . . . . . . . . . . . . . . . . . . 1 hr., 19 min.

Line 7

your social security number; this is so we

know who you are, and can process your

Preparing the form . . . . . . . . 1 hr., 54 min.

If you are a citizen or resident of the

Form 709.

United States, you must take any

Copying, assembling, and

Generally, tax returns and return

available unified credit against gift tax.

sending the form to the IRS

1 hr., 3 min.

information are confidential, as stated in

Nonresident aliens may not claim the

If you have comments concerning the

section 6103. However, section 6103

unified credit. If you are a nonresident

accuracy of these time estimates or

allows or requires the Internal Revenue

alien, delete the $345,800 entry and write

suggestions for making this form simpler,

Service to disclose or give such

in zero on line 11.

we would be happy to hear from you. You

information shown on your Form 709 to

Line 10

can write to the Tax Products

the Department of Justice to enforce the

Coordinating Committee, Western Area

Enter 20% of the amount allowed as a

tax laws, both civil and criminal, and to

Distribution Center, Rancho Cordova, CA

specific exemption for gifts made after

cities, states, the District of Columbia,

95743-0001. Do not send the tax form to

September 8, 1976, and before January

U.S. commonwealths or possessions, and

this office. Instead, see Where To File on

1, 1977. (These amounts will be among

certain foreign governments for use in

page 4.

those listed in column D of Schedule B,

administering their tax laws. We may also

for gifts made in the third and fourth

disclose this information to other

quarters of 1976.)

countries under a tax treaty, or to Federal

and state agencies to enforce Federal

Line 13

Gift tax conventions are in effect with

Australia, Austria, Denmark, France,

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Instructions For Form 709 - United States Gift (And Generation-Skipping Transfer) Tax Return - 2003 Page 12

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