As a result of the temporarily increased gift tax exemption and the looming exemption decrease, clients made significant gifts during the final months of 2020. These transfers must be reported on Form 709, but mistakes on the gift tax return can have negative results years down the road. In this course we will examine some of the most common mistakes when filing a gift tax return and the best elections to make to maximize tax savings for your clients.
Who Should AttendAttorneys, CPAs, and Enrolled Agents.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)