- Credits: 3
- Format: Scheduled "Live" Webinar
- Field of Study: Federal Tax Law
- Author/Speaker: Andrew Clark, EA
| Course ID: | Advanced Preparation: | Experience Level: |
|---|---|---|
| EWTFM-T-01661-20-O | 6233-CE-0380 | None | Overview |
| Published Date: | Program Prerequisites: | Other Course Formats: |
| © Sept 2020 | Basic Understanding of Taxation | Self-Study eBook | Video and Audio |
COURSE DESCRIPTION
Gifts are a commonly used method to reduce the amount of estate taxes owed. The Tax Cuts and Jobs Act made changes in the effect of gift taxes.
Topics include:
- This course has been updated to reflect all current changes to the tax law as practitioners prepare returns in 2019.
- This course will explore the topic of gift taxes.
- It will explain when gifts are free of tax liability and identify various scenarios were filing a gift tax return is required.
Learning Objectives:
After reading the course material, you will be able to:
- Describe what financial transactions constitute a gift,
- Recognize when a gift transaction is completed,
- Identify the annual gift exclusion amount,
- Differentiate between present interest and future interest gifts,
- Recognize the types of gifts that are not subject to gift taxes,
- Recognize the benefits of gift splitting,
- Identify the form that is used for Gift Taxes and the due date for submitting it.
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Return Preparers (TRPs)
Qualifies and Approved with All State Boards of Accountancy and the following sponsorship’s:
