How to File Forms 1041 & 709

The IRS requires taxpayers to submit certain forms each year depending on their assets.

Internal Revenue Service Forms 1041 and 709 pertain to properties and transfers spanning generations. Fiduciaries maintaining an estate or trust report income and tax information for the estate using Form 1041, U.S. Income Tax Return for Estates and Trusts. Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, assists taxpayers in reporting and calculating tax liability on certain gifts and transfers. The IRS requires qualifying taxpayers to file these tax forms each year. Knowing how to file Forms 1041 and 709 saves you stress during tax time.

Instructions

1. Download the forms from the IRS website. Request a paper copy of the form from your local IRS office if you are unable to download and print files.

2. Follow IRS guidelines for completing the forms. Collect any financial statements or assessments necessary to document the value of the estate or gift. Ensure that all parties who must sign the forms have provided signatures.

3. Mail the forms to the address provided by the IRS. Consult the IRS instructions for Form 1041 to determine the mailing address based on your location and whether you are enclosing a payment. Mail Form 709 to the Department of the Treasury, Internal Revenue Center, Cincinnati, OH 45999.

References

• IRS: Instructions for Form 709
• IRS: Instructions for Form 1041