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22WS-1432: Surgent's Successfully Completing a Gift Tax Return: Form 709 (Webinar)

Date Monday, February 6, 2023
Time 12:00pm - 2:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Specialty
credits
2.0 IRS CE approved
Instructor Robert Keebler, CPA/PFS, MST, AEP (Distinguished)
Keebler & Associates, LLP
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $99.00
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Description

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.

Who should take this program?

Any tax practitioner who wishes to understand how to assist clients with filing a federal 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

Learning objective(s)

  • Understand how to file a simple gift tax return

Notes:

Course code Code 22WS-1432
Sponsor Surgent
NASBA ID#: 103212
Level Advanced
Format Group Internet Based
Prerequisites Prereq. Basic understanding federal income and transfer taxes
Advance
prep
None
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