How to Fill Out Form 709 If you've figured out you must fill out a Form 709, follow the instructions below. First, complete the General Information section on part one of the form.

Even if you have made a taxable gift, Form 709 isn't as big of a burden as many think. That's because unless you've made a huge gift, you won't have to pay any actual gift tax.

This guide covers everything you need to know, including annual limits, lifetime exemptions, IRS Form 709 and how to avoid paying the gift tax altogether legally.