From the most general perspective, if you've given oven $14,000 in gifts throughout the course of a year, you may be required to complete Form 709, United Stats Gift (and Generation-Skipping Transfer) Tax Return.  This form would be filed at the same time when preparing your 2015 federal tax return.  For a complete definition of "gifts" feel free to call and speak with one the tax specialists at Flower City Tax in Rochester.