What IRS form to fill out if gave a $120,000 gift to someone in 1 year?
What IRS form to fill out if gave a $120,000 gift to someone in 1 year? Does the recipient, who is a minor, have to file anything?
,,How to fill out a 1040 form? ,Gift tax penalty? How to calculate? ,I have to fill out a Tax return for the year 2009? ,Is there any way to pay less taxes on a cash gift? ,Is there a penalty for filing a gift tax return late if there are no taxes due? ,Comments (1)
Form 709 is required by donor. No form is required by donee.