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The Gift Tax Filing and Payment Deadlines have been extended to July 15

April 2, 2020
by Merline & Meacham, PA
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To provide relief for taxpayers adversely affected by the coronavirus (COVID-19) pandemic, the U.S. Treasury Dept. has extended the April 15, 2020, federal gift tax filing and payment deadline to July 15, 2020. Form 709 is required if you make gifts to or for someone during the year that exceed the $15,000 annual gift tax exclusion. Being required to file a form doesn’t necessarily mean you owe gift tax. You’ll owe tax only if you’ve already exhausted your lifetime gift and estate tax exemption ($11.40 million for 2019 and $11.58 million for 2020). You’re still allowed to request a filing and payment deadline extension to Oct. 15, 2020. Contact us with questions.

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    • Our Firm
    • Practice Areas
      • Business Entities
      • Charitable Planning
      • Employee Benefits/ERISA
      • Estate and Gift Taxes
      • Estate Planning
      • Income Tax Law
      • Mergers and Acquisitions
      • Non-Profit/Tax Exempt
      • Probate/Estate Admin.
      • Tax Controversies
      • Wills and Trusts
    • Attorneys
      • Robert E. August
      • Jonathan R. Colao
      • Phillip J. Martin
      • Keith G. Meacham
      • W. Verne McGough, Jr.
      • Andrew D. Merline
      • David A. Merline, Jr.
      • Marie Monroe
      • J. Aaron Nelson, Jr.
      • Douglas B. O’Neal
      • David M. Thompson
    • Firm News
    • Resources