Thank you for your reply. I would like to know if his penalty is based on the amount of the gift or the tax due in case of failure to file the 709 form. I read online about a 5% monthly fine up to 25%. If it is based on the tax due, it must be 0. My father only gave me $ 900,000 in total.
Also, how do we know if the IRS has received my form? I want to make sure they didn’t receive 709form, then I will send it again.
