Preparing Form 709 - Line by Line

Tax compliance issues in the gifting of assets are sometimes confusing to practitioners because many lack experience in this area. This course provides you with a practical understanding of the issues involved in the line-by-line preparation of the federal gift tax return (Form 709)

 OBJECTIVE:

▪       Prepare a Form 709

  HIGHLIGHTS:

▪       How to prepare a federal gift tax return (Form 709), specifically:

• Part 1 – General Information
• Part 2 - Tax Computation
• Schedule A – Computation of Taxable Gifts
• Schedule B – Gifts From Prior Periods
• Schedule C – Deceased Spousal Unused Exclusion (DSUE) Amount
• Schedule D – Computation of Generation-Skipping Transfer Tax