| 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.
| 
Threaded Mode
