IRS Asks Permission to Keep Asking You Questions
Published Date: 1/7/2025
Notice
Summary
The IRS is updating its forms for reporting gift and generation-skipping transfer taxes, including a new form for non-U.S. citizens. If you’re an individual who gives big gifts or transfers property, these changes might affect you. Comments on these updates are open until February 6, 2025, so now’s the time to speak up!
Free Policy Watch
New rules are filed every week. Most people never see them.
Pick a topic. PRIA watches every federal rule and tells you when one hits your household.
Pick a topic to get started
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New Form 709-NA Added
Form 709 is the U.S. gift and generation-skipping transfer (GST) tax return used by individuals to report transfers and compute these taxes. The collection is being revised to include Form 709-NA, which is used to report certain transfers by a nonresident non-citizen of the United States that are subject to Federal gift tax and to allocate lifetime GST exemption; the IRS estimates 225,530 responses at 6 hours 12 minutes per respondent (1,398,286 total annual burden hours). Comments on these information collections are due February 6, 2025.
New E-file Authorization Forms for Gift Tax
The IRS added new electronic filing authentication forms (Forms 8453-EG and 8879-EG) for the United States Gift (and GST) Tax Return to authenticate e-filed returns, authorize electronic return originators or service providers, permit PIN signing, and consent to electronic funds withdrawal. The agency estimates 226,400 responses at 1.99 hours per respondent (450,520 total annual burden hours) for the related declarations and authorizations; comments are due February 6, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in