Screen PayPen - Payments, Extension, Penalties (709)

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New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Payments and Credits

Credit for foreign gift taxes

Gift tax conventions apply to the countries indicated in the Form 709 instructions. To claim a credit for a foreign gift tax payment, calculate the credit manually and enter it this field. Attach your calculation to the return with evidence that the foreign taxes were paid.

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