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Old 06-17-2009, 04:39 PM
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What is the due date to File a Gift Tax Return?

In general, a taxpayer needs to file a gift tax form when the taxpayer has exceeded the annual $13,000 tax-free gift limit ($12,000 for gifts in 2006-2008).

But it is highly recommended that the taxpayer send in "Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return" every time a transaction has been made with a family member over $13,000 - even if it wasn't a gift.
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