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Personal Finance (Not Investing) • Avoiding form 709 if gift is to someone more than 37.5 younger than gifter

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The lawyer did explain it to us, and at first charged a reasonable amount for the service, but lately it just seems exorbitant. I just don’t see how every 2 line email takes 0.4 hours for the assistant to process (eg, “what date and account did you pay Bob’s gift from? 4/1/2024 and Tomatina’s BoA account”) and then 0.4 hours for the attorney to review. I’m a capitalist and I don’t begrudge anyone a living, but I ask that I not be made to feel ashamed to look at myself in the mirror when brushing my teeth.
As someone who has to track time like this (which I hate, so much so that it can only be expressed in interpretive dance), that doesn't seem unreasonable. It's not just a 15 minute task to get an email,.log it, look up the information, understand it, and reply. There's a loss of context -- that person was doing something else, needed to stop, reply to you, and then pick back up.
You might be right, but as bsteiner said, the first return should have been more difficult and time consuming. We have essentially done the same thing for many years in a row. I don’t understand why this year became so much more time consuming.

The form is not that difficult. I will do it myself from now on or have my CPA do it if I get intimidated by a 5 page form.

Statistics: Posted by TomatoTomahto — Sat Sep 27, 2025 3:23 pm — Replies 13 — Views 967



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