document-understanding
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- Overview
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- Insights dashboards
- Document Understanding Process
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- Framework components
- ML packages
- Overview
- Document Understanding - ML package
- DocumentClassifier - ML package
- ML packages with OCR capabilities
- 1040 - ML package
- 1040 Schedule C - ML package
- 1040 Schedule D - ML package
- 1040 Schedule E - ML package
- 1040x - ML package
- 3949a - ML package
- 4506T - ML package
- 709 - ML package
- 941x - ML package
- 9465 - ML package
- ACORD131 - ML package
- ACORD140 - ML package
- ACORD25 - ML package
- Bank Statements - ML package
- Bills Of Lading - ML package
- Certificate of Incorporation - ML package
- Certificate of Origin - ML package
- Checks - ML package
- Children Product Certificate - ML package
- CMS 1500 - ML package
- EU Declaration of Conformity - ML package
- Financial Statements - ML package
- FM1003 - ML package
- I9 - ML package
- ID Cards - ML package
- Invoices - ML package
- Invoices Australia - ML package
- Invoices China - ML package
- Invoices Hebrew - ML package
- Invoices India - ML package
- Invoices Japan - ML package
- Invoices Shipping - ML package
- Packing Lists - ML package
- Payslips - ML package
- Passports - ML package
- Purchase Orders - ML package
- Receipts - ML Package
- Remittance Advices - ML package
- UB04 - ML package
- Utility Bills - ML package
- Vehicle Titles - ML package
- W2 - ML package
- W9 - ML package
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709 - ML package
Document Understanding User Guide
Last updated Nov 14, 2024
709 - ML package
IRS Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, is employed to report gifts that exceed the annual exclusion amount, lifetime exemption, or qualify for special valuation rules. Form 709 enables taxpayers to accurately report gifts and calculate any applicable gift tax owed.
This ML package is trained to extract 27 regular fields of relevant data points from Form 709.
This model is trained on all versions released by IRS from January 1959 to 2022.
The ML package is trained to automatically detect data such as:
- Donor's Name, Address, Residence, Citizenship
- Amount for Taxable Gifts Current-Prior and Total
- Paid Preparer identification
- Form Version, Year
Note: For the complete list of extracted fields, check the Out-of-the-box Models Details file.
You can download the a sample filled-in form from here.