I incorrectly filed a 709 Tax form for a gift from my father for amount of $160,000 snd now the IRS wants $33,000 in taxes from my dad. What about lifetime exclusion?
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I incorrectly filed a 709 Tax form for a gift from my father for amount of $160,000 snd now the IRS wants $33,000 in taxes from my dad. What about lifetime exclusion?
I incorrectly filed a 709 Tax form for a gift from my father for amount of $160,000 snd now the IRS wants $33,000 in taxes from my dad. What about lifetime exclusion?
see irs website form 709 instructions - this is an income tax forum.