nofan
Returning Member

Business & farm

Lukester1980, thanks for the timeline on sending in your 709 n then the red flagging by irs. As a widower I only have my return which simplifies somewhat  the complex web of the 709, prior years I could have split the gift between  spouse n myself and been under the reporting requirement so no reporting needed. In many ways a flat tax would be more efficient, less cumbersome for citizens paying their share , and minimize tax evaders but it would have issues as well, and reducing the irs footprint and thin out tax payers burden by subsidizing fewer irs government employees. Won’t happen in my remaining years and likely the entire system will go officially bankrupt from our politicians overspending us into oblivion  but that has a high likelihood in my remaining years. Good luck, seems like your in the homestretch to finalizing the fun 🥴