Gift and GST Tax Return Due Date Automatically Postponed to July 15, 2020

The due date for the filing of IRS Form 709, the United States Gift (and Generation-Skipping Transfer) Tax Return, was postponed from April 15, 2020 to July 15, 2020. The due date for making payments of Federal gift and generation-skipping transfer taxes has also been postponed to July 15^th.

The IRS Form 709 due date may be further extended to October 15, 2020 by filing IRS Form 8892 (which extends the filing due date, but not the payment due date).

This postponement was confirmed by IRS Notice 2020-20, which was issued in response to the Coronavirus (COVID-19) pandemic and as an update to the previously issued Notice 2020-18.

Please contact members of the Trust and Estates Department if you have any questions regarding this alert.