A gift tax return does not need to be filed unless the taxpayer has made current gifts in excess of the unified credit.
A gift tax return must be filed if aggregate gifts to at least one recipient exceeds the annual exclusion for the year.

Question

Quizplus · Accepted Answer

This statement is incorrect. A gift tax return must be filed if aggregate gifts to at least one recipient exceeds the annual exclusion for the year, regardless of whether or not the taxpayer has exceeded the unified credit.

A Gift Tax Return Does Not Need to Be Filed