Gift Taxes
SKU: CPE-06-157
Credit Hours: 3
Level: Basic
Category: Taxes
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Online Video
Instructor: Andrew Clark, EA.
Course Description:
Gifts are a commonly used method to reduce the amount of estate taxes owed. The Tax Cuts and Jobs Act made changes the affect gift taxes. This course has been updated to reflect all current changes to 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 where filing a gift tax return is required
This course will cover the following topics:
- Timing of a Gift
- Crummy Trusts and Other Gifts
- Overview of Trusts
- Trusts in Detail
- Trust Expenses and Taxes
- Marital Deduction Trusts and QTIP Trusts
- Revocable Living Trust Clauses and Trustees
- Gift Splitting
- Generation Skipping Transfer Taxes