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.

The AICPA has released some recommendations for practitioners concerning various issues that have arisen due to the postponement of the April 15 tax deadline for individuals.

Why Form 709 isn't as bad as you'd think 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 ...