What is the ballpark figure to prepare Form 709 my gift to son. I am bein charged way too much at H & R Block for filing it. How much is the average preparation cost?

goodlife423 · ‎March 7, 2020

macuser_22 · ‎March 7, 2020

A 709 is not a part of an income tax return and TurboTax does not support it.

You only need it for gifts that exceed $15,000 to an individual a married double can each give $15,000, for a total of $30,000 and not need a 709.

form https://www.irs.gov/pub/irs-pdf/f709.pdf

instructions https://www.irs.gov/pub/irs-pdf/i709.pdf

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

goodlife423 · ‎March 7, 2020

Thank you for the explanation, but I learned all that from the IRS web site. I just wanted to know the average price of filling out Form 709. It has 5 pages, form including "reconciliation". One single giver, one occasion to one person. H & R charges me $380. I will research local CPAs for more information.

Expert does your taxes

Do it yourself

Resources

Support

What is the ballpark figure to prepare Form 709 my gift to son. I am bein charged way too much at H & R Block for filing it. How much is the average preparation cost?