[Code of Federal Regulations]
[Title 26, Volume 14]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR25.6019-4]

[Page 677-678]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 25_GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954--Table of Contents
 
Sec.  25.6019-4  Description of property listed on return.

    The properties comprising the gifts made during the calendar year 
(or calendar quarter with respect to gifts made after December 31, 1970, 
and before January 1, 1982) must be listed on the return and described 
in a manner that they may be readily identified. Thus, there should be 
given for each parcel of real estate a legal description, its area, a 
short statement of the character of any improvements, and, if located in 
a city, the name of the street and number. Description of bonds shall 
include the number transferred, principal amount, name of obligor, date 
of maturity, rate of interest, date or dates on which interest is 
payable, series number where there is more than one issue, and the 
principal exchange upon which listed, or the principal business office 
of the obligor, if unlisted. Description of stocks shall include number 
of shares, whether common or preferred, and, if preferred, what issue 
thereof, par value, quotation at which returned, exact name of 
corporation, and, if the stock is unlisted, the location of the 
principal business office, the State in which incorporated and the date 
of incorporation, or if the stock is listed, the principal exchange upon 
which sold. Description of notes shall include name of maker, date on 
which given, date of maturity, amount of principal, amount of principal 
unpaid, rate of interest and whether simple or compound, and date to 
which interest has been paid. If the gift of property includes accrued 
income thereon to the date of the gift, the amount of such accrued 
income shall be separately set forth. Description of the seller's 
interest in land contracts transferred shall include name of buyer, date 
of contract, description of property, sale price, initial payment, 
amounts of installment payments, unpaid balance of principal, interest 
rate and date prior to gift to which interest has been paid. Description 
of life insurance policies

[[Page 678]]

shall show the name of the insurer and the number of the policy. In 
describing an annuity, the name and address of the issuing company shall 
be given, or, if payable out of a trust or other fund, such a 
description as will fully identify the trust or fund. If the annuity is 
payable for a term of years, the duration of the term and the date on 
which it began shall be given, and if payable for the life of any 
person, the date of birth of that person shall be stated. Judgments 
shall be described by giving the title of the cause and the name of the 
court in which rendered, date of judgment, name and address of judgment 
debtor, amount of judgment, rate of interest to which subject, and by 
stating whether any payments have been made thereon, and, if so, when 
and in what amounts.

[T.D. 7238, 37 FR 28736, Dec. 29, 1972, as amended by T.D. 8522, 59 FR 
9664, Mar. 1, 1994]