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Review of Form 709 – Gift Tax Return (Z1-709R-2021-01-SSDL)

100 Minutes
On demand - Audio

On Demand - Audio

2 CPE Credits in TX

OVERVIEW

This course will enable practitioners to understand the basic practical issues of preparing the gift tax Form 709. This course covers the disclosure requirements and the information necessary to properly prepare the form.

DESIGNED FOR

CPAs involved in the preparation of individual, gift, and information returns

BENEFITS

  • Form 709, gift tax reporting, and the effect of the lifetime exclusion
  • Present interest versus future interest
  • The annual exclusion – what qualifies and how is it calculated
  • Situations in which consenting spouses are not required to file Form 709
  • Gifts excluded from gift tax reporting
  • Adequate disclosure requirements and the statute of limitations
  • Proper gift tax reporting of front-end loaded §529 qualified tuition plans
  • The inclusion of up-to-date revised forms and references
  • Calculation of unified credit and prior-year credit recalculation
  • Calculation of additional credit for decedent spouses unused exemption (DSUE)

HIGHLIGHTS

  • Understand the proper preparation of Form 709
  • Identify the differing types of gifts, limits, and information required on Form 709

COURSE LEVEL

Basic

PREREQUISITES

None

PRICING

$49.00 - Member

$69.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

ALSO QUALIFIES FOR

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