Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
A Gift reporting question - IRS form 709 - new to this, so
Hi - a Gift reporting question - IRS form 709 - new to this, so just have a clarification question… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
21,895 satisfied customers
I superfunded a 529 for my son jointly with my wfie. I need
I superfunded a 529 for my son jointly with my wfie. I need help with schedule A of form 709 and the part 4 … read more
Anne
Anne
Master Tax Preparer
2,581 satisfied customers
Part 4—Taxable Gift Reconciliation Line 2 confusion
Part 4—Taxable Gift Reconciliation Line 2 confusion … read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
My spouse and I each gave $146,000 to a one of our daughters
My spouse and I each gave $146,000 to a one of our daughters in 2010. In 2018 we each gave $125,000 to our other daughter. Now I am stuck on Schedule B, Gifts from Prior Periods, Column C. Doo I inclu… read more
Richard
Richard
Tax Attorney
62,612 satisfied customers
FOR LANE: Have a client who just sold about 2 million in
FOR LANE:Have a client who just sold about 2 million in stock and it looks like it was gifted to him, I have a copy of the gift tax return form 709 and want to confirm what his basis in the stock is1.… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,195 satisfied customers
This year, we paid tuition for our 26 year old son by
This year, we paid tuition for our 26 year old son by depositing the tuition amount in his checking account--totaling $50,000. How can we avoid filling out a Form 709 for 2018? Next time, we will pay … read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
Can joint tenants each gift shares valued at $14,000 to
can joint tenants each gift shares valued at $14,000 to others even though there is only one social security number on the investment account? … read more
Richard
Richard
Tax Attorney
62,612 satisfied customers
On the 709 Form, Schedule C, can you clarify Column D, E &
On the 709 Form, Schedule C, can you clarify Column D, E & F? The DSUE received was $3,307,822 on 11/7/14 with portability election made. For background, total annual gifts were $17,600, $15,800 and $… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,555 satisfied customers
WHERE on Tax Form 709 (line number and column), Schedule A
WHERE on Tax Form 709 (line number and column), Schedule A would the $14,000 annual gift exclusion be written if I gave two cash gifts to my sons?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,113 satisfied customers
Need help filing out i709 form JA: The Accountant will know
Bascially, I gave a house FMV of 300,000 to my son; I am now trying to fill out the i709 form to disclose to the IRS. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,113 satisfied customers
My husband and I gave our daughter $174,500 in November 2015
My husband and I gave our daughter $174,500 in November 2015 to purchase a house. I am confused on how to fill out the 709 to use the lifetime exclusion. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
I need help filling out Schedule A Part 1 of form 709. My
I need help filling out Schedule A Part 1 of form 709. My wife and I gifted 64,000 to our son and his girlfriend as a downpayment. The check was made out to just my son so I am assuming the gift is ju… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,555 satisfied customers
I GAVE MY SON $360000 AND GAVE MY DAUGHTER $375000 IN 2013. DO
I GAVE MY SON $360000 AND GAVE MY DAUGHTER $375000 IN 2013. DO I HAVE REPORT THESE IN PART 1 OR PART 2, SCHEDULE A, FORM 709? AND, HOW TO FILL IN PART 2, TAX COMPUTATION AND , PAGE 1 AND PART 4, SCHED… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
On Form 709, how do you complete Schedule C, Part 1 D&E. In
On Form 709, how do you complete Schedule C, Part 1 D&E. In 2012, a mother gave her son and daughter each 150,000. These are the first gifts she has given. The father died in 2011 and has a DSUE of 3,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,113 satisfied customers
My mother owns a second home in Washington DC that my wife
My mother owns a second home in Washington DC that my wife and I have been living in as our primary residence - I would say we are renting, but we are not paying anything except for the utility bills.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I need guidance in filling in form 709. The details are simple
I need guidance in filling in form 709. The details are simple: my mother transferred her house to me by deed transfer. We need to fill in a 709 form for her but are confused about which boxes need to… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am trying to complete form 709, Gift Tax Return to ...
I am trying to complete form 709, Gift Tax Return to report a simple cash gift over the allowed amount for 2007. Part 3, Tax Computation seems to be where I add the exclusion, but where? I should end … read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
What amount must be reported on her 2003 gift-tax return
In December, 2003, Mrs. Nichols (from Philadelphia, PA) her son, Bruce; $20,000 to her son and daughter in-law, David and Cheryl; $15,000 to a favorite nephew; and $10,000 to each of her seven grandch… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

62,612 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

298 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,818 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,665 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x