Webinar

Form 709 Guidance: Gift Tax and Generation-Skipping Transfer Returns

If you have questions about this event, please call us at 952-831-2707.

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Form 709 is filed by many tax practitioners but are frequently filed incorrectly. EspecI'lly troublesome is reporting the gift correctly on Schedule A, making the correct GST allocations and meeting the adequate disclosure requirements. This program will review common problems for preparers and provide examples of presentations for many of the frequently reported gifts in recent years.

Major subjects

• Review of sample returns with illustrations of most forms of gifts
• How to meet the adequate disclosure requirements
• Community property gifts vs. gift splitting, use of DSUEA from a pre-deceased spouse
• Electing in or out of GST allocations with indirect skips

Learning objectives

• Determine whether to report the gift on Part 1, 2 or 3 of Schedule A
• Recognize why adequate disclosure is important to limit the time for the IRS to audit the 709
• Identify clear presentation of numerous types of gifts through various examples provided

Who should take this program?

• CPAs, attorneys, enrolled agents and professional staff

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $129.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.