Form 709 A – Fill Out and Use This PDF

Form 7 0 9 - A

(Rev. July 1993)

Department of the Treasury Internal Revenue Service

United States Short Form Gift Tax Return

(For “Privacy Act” notice, see the Form 1040 instructions)

Calendar year 19

OMB No. 1545-0021

Expires 5-31-96

(a)

Donee’s name and address and description of gift

(b)

Donor’s adjusted

basis of gift

(c)

Date of gift

(d)

Value at date of gift

Consent

I consent to have the gifts made by my spouse to third parties during the calendar year considered as made one-half by each of us.

Consenting
spouse’s signature ▶	Date ▶

General Instructions

For Privacy Act notice, see the Form 1040 instructions.

Paperwork Reduction Act Notice.—We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is:

Recordkeeping	13 min.
Learning about the
law or the form	11 min.
Preparing the form	14 min.
Copying, assembling,
and sending the
form to the IRS	20 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form more simple, we would be happy to hear from you. You can write to both the Internal Revenue Service, Attention: Reports Clearance Officer, T:FP, Washington, DC 20224; and the Office of Management and Budget, Paperwork Reduction Project (1545-0021), Washington, DC 20503. DO NOT send the tax form to either of these offices. Instead, see Where To File below.

Introduction

Form 709-A is an annual short form gift tax return that certain married couples may use instead of Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, to report nontaxable gifts that they consent to split.

Who May File

Gifts to your spouse.—For gifts to your spouse who is a U.S. citizen, you must only file a gift tax return to report certain gifts of terminable interests. For details on this and for filing rules for gifts to a spouse who is not a U.S. citizen, see the Instructions for Form 709.

Gifts to donee other than your spouse.—

You must file a gift tax return if you gave either of the following gifts to someone other than your spouse:

1. Gifts of future interests of any amount;

or

2.Gifts of present interests of more than $10,000 to any one donee.

Exceptions.—You do not have to file a gift tax return for any year in which the only gifts you made were for either of the following:

1.Gifts that were paid on behalf of an individual as tuition to an educational organization; or

2.Gifts that were paid on behalf of an individual as payment for medical care to a provider of medical care.

You may use Form 709-A if all of the following requirements are met:

1.You are a citizen or resident of the United States, and were married during the entire calendar year to one individual who is also a citizen or resident of the United States. Both you and your spouse must have been alive at the end of the calendar year.

2.Your only gifts (other than gifts for tuition or medical care) to a third party consisted entirely of present interests in tangible personal property, cash, U.S. Savings Bonds, or stocks and bonds listed on a stock exchange. A “ third-party donee” is any donee other than your spouse.

3.Your gifts to any one third-party donee (other than gifts for tuition or medical care) during the calendar year did not total more than $20,000. If the donee is a charity, no part of that gift may be given to a noncharitable donee.

4.During the calendar year, you did not make any gifts of terminable interests to your spouse.

5.During the calendar year, your spouse

did not make any gifts to any of the donees listed on this form, did not make gifts of terminable interests to you, did not make gifts (other than gifts for tuition or medical care) of over $10,000 to any other donee, and did not make any gifts of future interests to any other donee.

6.You and your spouse agree to split all of the gifts either of you made during the calendar year.

7.You did not file a Form 709 for this calendar year.

If all seven requirements above are met, you may also use Form 709-A to report gifts made under the Uniform Gifts to Minors Act.

Note: Gifts include transfers of property when no money changes hands and also transfers when some payment was made, but the payment made was less than the value of the item transferred.

When To File

Form 709-A is a calendar-year return to be filed on or after January 1 but not later than April 15 of the year following the year when the nontaxable split gifts were made.

Any extension of time granted to file your calendar year income tax return will also extend the time to file Form 709-A. Income tax extensions are made using Forms 4868, 2688, or 2350. If you received an extension, attach a copy of it to Form 709-A.

You may not file Form 709-A later than April 15 (or the extension due date). Instead, you must file Form 709.

Where To File

File Form 709-A with the Internal Revenue Service Center where you would file your Federal income tax return. See the Form 1040 instructions for a list of filing locations.

Additional Help

Pub. 448, Federal Estate and Gift Taxes, contains further information on the gift tax, including information about the following matters:

1.Annual exclusion.

2.Present and future interest.

3.Fair market value.

4.Adjusted basis. Get Pub. 551, Basis of Assets, and the instructions for Schedule D (Form 1040).

5.Extension of time to file.

6.Terminable interest.

7.Gifts for tuition or medical care.

Specific Instructions

Column (a)

List the names and addresses of all third party donees to whom you made gifts (other than gifts for tuition or medical care) totaling more than $10,000 during the calendar year. Do not list the names of donees to whom you gave only gifts for tuition or medical care or to whom you gave gifts (other than tuition or medical care) of present interests of $10,000 or less.

Describe the gifts in enough detail so they may be easily identified.

If you list bonds, include in your description:

●The number of bonds transferred;

●The principal amount of the bonds;

●The name of the obligor;

●The date of maturity of the bonds;

●The rate of interest;

●The date or dates on which interest is payable;

●The series number (if there is more than one issue);

●The exchange where the bond is listed; and

●The CUSIP number, if available. The CUSIP number is a nine-digit number assigned by the American Banking Association to traded securities.

If you list stocks, you should include:

●The number of shares transferred;

●Whether the stocks are common or preferred. (If the stocks are preferred, list the issue and par value.);

●Exact name of corporation;

●Principal exchange where the stocks are sold; and

●The CUSIP number, if available (see

“ bonds” above).

If you list tangible personal property (such as a car), describe the property in enough detail so that its fair market value can be accurately figured.

Column (b)

Show the basis you would use for income tax purposes if you sold or exchanged the property.

Column (d)

If you make the gift in property other than money, determine the fair market value as of the date the gift was made.

Consent

Your spouse must consent to split all gifts made by either of you. Your spouse gives this consent by signing in the space provided. You give your consent by signing in the space for the donor’s signature. The guardian of a legally incompetent spouse may sign the consent. The executor for a deceased spouse may sign the consent if the spouse died after the close of the calendar year. Although a properly filed Form 709-A will not result in any gift tax liability, you should know that if you and your spouse consent to split gifts, either or both of you will be liable in the event any gift tax is later determined to be due.

Signature

You, as a donor, must sign the return. If you pay another person, firm, or corporation to prepare your return, that person must also sign the return as preparer unless he or she is your regular, full-time employee.