Gift Taxes 2020 (scheduled webinar)

  • 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:

NASBA
IRS
CTEC