Surgent's Successfully Completing a Gift Tax Return -- Form 709 (F709)

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Field of Study
Tax
Course Level
Advanced
Vendor
Surgent McCoy CPE LLC

Registration Fees

MSCPA-AICPA Member
$89.00
MSCPA Member
$89.00
AICPA Member
$89.00
Non-Member
$89.00
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Friday, Feb 2, 2018
1:00pm – 3:00pm

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Since the early 2000s, the estate tax burden on taxpayers has gradually decreased along with the number of practitioners specializing in the field. Nevertheless, some of your most wealthy clients will have a taxable estate. For these select clients, making large gifts before death can be extremely tax efficient for the client and profitable for the practitioner filing the gift tax return. Learning how to file a basic gift tax return can help you attract and retain clients, increase your value-add, and generate revenue.

Designed For

Any tax practit

Course Objectives

  • Understand how to file a simple gift tax return

Major Subjects

  • Taxpayers who do not file gift tax returns but should
  • The annual exclusion rules for gifts to trusts including required Crummey notices
  • What should be disclosed on the return for purposes of running the statute of limitations
  • The reporting of installment sales and split-interest
  • Valuations and valuation discounts for gifts of closely held businesses
  • The utilization of Generation Skipping Transfer Tax and the related automatic allocation rules
  • Reporting the use of a deceased spouse’s unused exclusion exemption amount (DSUEA)
  • A line-by-line explanation of Form 709

Prerequisites

Basic understanding federal income and transfer taxes

The start date for this course has passed. Registration is no longer available.