A national tax form that should be filled out by any person who gives a gift that transcends life or the yearly exempt present sum confirmed by the Internal Revenue Service. As an example, in the event the annual gift tax exemption is $13,000 per receiver gives a present worth $13,001 or more who, anyone to receiver single a will have to fill out a gift tax return. Because presents over the exempt amount are subject to a gift tax the return has to be filled out.