Preparing Form 709: The Federal Gift Tax Return (Completed)

Date: Thursday, December 27, 2018
Instructor: Steven G. Siegel
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Income Tax Planning for CFP

Handle Hot-Button Issues When Preparing Form 709 Federal Gift Tax Returns for Your Clients
Many taxpayers made gifts in the last year to transfer substantial assets at little to no Federal gift tax cost to take advantage of the significant federal gift tax exclusion. Proper compliance with the complex gift tax rules remains necessary to protect and preserve the advantage of the current exclusion levels. This convenient and timely two-hour online CPE seminar addresses the proper preparation of Form 709, the U.S. Federal Gift Tax Return that needs to be filed. Presented by noted estates and trusts practitioner, author and educator, Steven G. Siegel, J.D., LL.M., this two-hour CPE Webinar will provide an overview and update of the basic concepts and issues of gift taxation, give you a helpful review of recent developments affecting gifts, and describe what must be done to accurately complete Form 709.

You won't want to miss this program with Mr. Siegel, an outstanding speaker and presenter, and his practical tips and suggestions on preparing the gift tax return. If you've not completed one of these returns recently, now is the time to get up to speed on the latest changes, as well as review the tips and traps that go with this complex area of taxation. Your seminar materials will include a detailed reference outline and sample problems and filled-in forms prepared by Mr. Siegel.

Ask the Expert. To reinforce your understanding and get help on your most pressing issues, you will have opportunities to submit questions directly to Mr. Siegel during the program. All tax preparers, accountants, attorneys and financial planners who advise clients on tax and estate planning and other wealth management matters will benefit from this insightful seminar.

Who Should Attend
This course is essential for CPAs, enrolled agents, tax attorneys and other professionals who advise clients on tax, retirement and estate planning, and other wealth management matters.

Topics Covered

  • What's New for Gift Tax Reporting
  • Understanding How Portability Works and the New DSUE Calculation
  • Transfers Subject to the Gift Tax
  • Transfers that Are Not Subject to the Gift Tax
  • Exclusions from the Gift Tax
  • Gift-Splitting By Spouses
  • Available Gift Tax Deductions
  • Valuation of Gifts
  • Avoiding Gift Treatment by Using Disclaimers
  • Statutes of Limitations and the Adequate Disclosure Rules
  • Preparing Form 709

Learning Objectives

  • Gain a practical, updated understanding of the gift tax
  • Understand the parts and schedules that make up the Form 709
  • Determine whether lifetime transfers are subject to gift tax
  • Know how to figure gift tax liability


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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