User's Manual - Drake Software

Requests, Claims, and Other Forms
Drake Software User’s Manual
Figure 5-58: Menu for Form 709, Gift Tax
Click an item to open it, or type its code into the selector field and press ENTER.
NOTE
Forms 709 and 8892 cannot be e-filed. They must be paper-filed.
Pricing for
Form 709
Attached
Statements
709 Election
Options
Extension
Request for
Form 709
To set up pricing for Form 709, go to the Home window and select Setup > Pricing.
By default, the pricing list is for individual (1040 package) forms. From the State/
City drop list, select GF - Gift Tax (709) to display a list of the gift tax forms. Double-click
a form name to adjust the pricing.
If Form 709 requires an attachment (for example, if an election option requires the
amounts in question to be identified), use the ATT screen on the 709 menu.
The ELEC screen (Election Options for 709) provides a series of check boxes for
electing certain optional ways of treating some income and exclusion amounts.
Form 4868 covers extension requests for both a 1040 and a 709 return. No separate
extension request is required. For more information, see “Extensions” on page 176.
To request an extension for Form 709 only, complete Form 8892. This form is not
available in Drake but can be accessed from the IRS website. See IRS instructions for
more on submitting a 709 extension request to the IRS.
Requests, Claims, and Other Forms
The screens described in this section are all available from the Other Forms tab of the
Data Entry Menu. Most forms listed here are e-filable unless otherwise specified,
and most can be obtained in Drake from Tools > Blank Forms.
178 Tax Year 2012