Overview
Transfer taxes are imposed on the gratuitous transfer of property. When property is transferred during lifetime, a gift tax may be imposed. While the most ignored tax, failure to properly comply with the gift tax laws during life may cause estate tax problems at death. With this OnDemand Webinar you will learn when a gift tax return should be filed, what type of gifts need to be reported, what type of information needs to be included to adequately disclose what is reported and the benefits of properly complying with the gift tax laws. By properly reporting gratuitous transfers during life, surprises at death can be avoided.
Authors
Robert E. Barnhill III, Live Speakers, Inc.
Self Study Credit - OnDemand Webinar
| CLE | 1 | PA | |
| CLE | 1.25 | AK, AZ, CA, IL, NC, ND, VT | |
| CLE | 1.5 | MS, MT, OR, TN, VA, WA, WI | |
| CLE | 1.8 | MO, WV | |
Self Study Credit - CD & Reference Manual
| CLE | 1.5 | AK, AZ, CA, GA, ME, MT, ND, NV, NY, OR, UT, VT, WA | |
| CLE | 1.8 | MO, WV | |
| CLE | 2 | CO | |
Self Study Credit - Podcast
| CLE | 1.5 | AK, CA, ME, MT, ND, NV | |
| CLE | 1.8 | MO, WV | |
Agenda
- When and Where to File Form 709
- How the Gift Tax Works and How It Is Computed
- What Is a Gift and When Is It Taxed?
- Exclusion and Deductions for Gift Taxes
- Annual Exclusion
- Marital and Charitable Deductions
- Medical and Educational Exclusions
- Filling out Form 709
- Items to Report
- Information to Include With Return
- Discussion of Schedules
- Overview of Generation-Skipping Taxes and Form 709, Schedule C
