Section 60 Data Form 709-NA, United States Gift (and Generation-Skipping Transfer) Tax…

The Error Record Format for Section 60 is listed as follows:

Field

Field Title

Field Length

Location

60RTN

Routing Transit Number (RTN)

9

Part II Line 15b

60TDA

Type of Depositor Account (TDA)

1

Part II Line 15c

60DAN

Depositor Account Number (DAN)

17

Part II Line 15d

Field 60RTN is transcribed from Part II Line 15b. Field 60RTN ia a 9 digit numeric field.

Field 60RTN is invalid if present, and the first two digits are not:

Between 01 through 12.

Between 21 through 32.

Other than numeric.

Correct coding and transcription errors and misplaced entries.

If the information on the return is not valid, delete Field 60RTN

Field 60TDA is transcribed from Part II Line 15c. Field 60TDA may be blank or a one-digit alpha code (C or S).

Field 60TDA is invalid if present, and the entry is not a C for Checking or S for Savings.

Correct coding and transcription errors and misplaced entries.

If both or neither box (Checking or Savings) is marked, enter C in Field 60TDA.

Field 60DAN is transcribed from Part II Line 15d. Field 60DAN may be up to 17 characters and can be alpha, numeric, hyphen or space.

Field 60DAN Depositor Account Number is invalid if present, and a character is not numeric, alpha, hyphen or space.

Field 60DAN is present, but Field 60TDA is not present.

Correct coding and transcription errors and misplaced entries.

Check Line 15d and do the following:

IF (Form 709-NA)

Then

The account number is valid (the entry has only numeric, alpha, hyphen or space),

GTSEC 60.

See IRM 3.12.263.24.6.2 for Field 60TDA instructions.

Enter a valid code in Field 60TDA.

Field 60TDA account number is not valid,

Delete Field 60DAN.