Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Gift Tax Return Extension
Gift Tax Return Extension
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Calneva
Level 3
03-24-2021
09:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The IRS extended 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 gift tax returns due 4/15. To extend we can file Form 8892 but that must be paper filed. Normally a timely e-filed 4/15 individual extension extends the gift return but a 5/17 extension this year will not it appears. Will an individual extension e-filed by 4/15 still work to extend a gift return, thereby avoiding having to snail mail a Form 8892 ?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
TylorValdez1
Employee
03-25-2021
09:47 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes. Extending the 1040 return by 4/15 will achieve the extension of the gift tax return.
IF you...AND you...THEN...
file Form 4868 or Form 2350...do not expect to owe gift and/or GST tax...do not use Form 8892.
file Form 4868 or Form 2350...expect to owe gift and/or GST tax...use Form 8892-V, Payment Voucher, to pay gift and/or GST tax.
need to extend the time to file Form 709...are not requesting an extension for your individual income tax return...use Form 8892. See instructions.
