Gift Taxes for 2024

SKU: 02-263-01-CPE
Credit Hours: 3
Level: Intermediate
CPE Category: Taxes
CE Category: Federal Tax
Program Prerequisites: Basic understanding of federal income taxation concepts.
Delivery Method: Online Video
Instructor: Andrew Clark, EA.

Course Description:
This course will explore the topic of gift taxes. It will explain when gifts are free of tax liability and identify various scenarios where filing a gift tax return is required.

At the end of this course, students 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.