A Federal gift tax return may have to be filed even if no gift tax is payable.

Name: A Federal gift tax return may have to be filed even if no gift tax is payable.
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A federal gift tax return (Form 709) must be filed if the donor has made gifts to a recipient that exceed the annual exclusion amount, even if no gift tax is actually due. The purpose of filing the return is to keep track of the donor's lifetime gift tax exclusion and to ensure that the donor's estate is not overtaxed in the future.

A Federal Gift Tax Return May Have to Be Filed