709 due date

[michaelmars]

Can someone verify the due date this year for a gift tax return. I can't seem to find if its 5/17 or still 4/15

[mwrightea]

Only 1040 was extended to 05/17/2021 as far as I know.

[Possi]

I just had to look it up and only found 4/15 so that's what I'm using.

https://taxnews.ey.com/news/2021-0586-irs-delays-deadline-for-individuals-filing-and-paying-income-tax-to-may-17-2021

Implications

The IRS announcement simply extends the due date of the 2020 Form 1040 and related tax payments from April 15 to May 17. The announcement does not extend the due date for:

Estimated tax payments due on April 15 for any type of taxpayer

Fiduciary income tax returns due on April 15, including those filed on Forms 1041, 1041-A, 5227 or 3520-A

Calendar-year corporation returns due on April 15

Fiscal-year exempt organization information returns (Form 990 series) due on April 15

Gift tax returns (Form 709 series) due on April 15, which will require an extension separate from the Form 1040 extension

Estate tax returns (Form 706)

[michaelmars]

I am filing a separate extension 4/15.  I have many clients that used up their 11mil exemption before it gets changed.  Never had more than 1 0r 2 gift returns before, this year its 9.

[Possi]

2 minutes ago, michaelmars said:

I am filing a separate extension 4/15.  I have many clients that used up their 11mil exemption before it gets changed.  Never had more than 1 0r 2 gift returns before, this year its 9.

Holy Cow, I'm up for adoption! 

I only do one every couple of years, so I have to re-learn it every time. 

[michaelmars]

I

I hinted to her that I am an orphan and looking for a mother figure in my life...didn't work.