Gift & Estate Tax - Pt. 1 (Sold Out)
Author: Daniel Johnson
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This course provides a comprehensive overview of estate and gift taxes, focusing on the intricacies of gift taxation, types of gifts, valuation rules, exclusions, and exemptions. Participants will explore gift-splitting, community property considerations, tax-efficient gifting strategies, and the preparation of Form 709 for accurate gift tax compliance.
Publication Date: September 2025
Topics Covered
- Overview of the Gift & Estate Tax System
- Gifting Fundamentals
- Types of Gifts
- Gift Taxes
- Potential Income Tax Issues Arising from Gifts
Learning Objectives
- Explain the relationship between estate and gift taxes and their foundational principles
- Explain the mechanics and implications of gift taxes
- Identify types of gifts, their valuation, and applicable exclusions or exemptions
- Explain the rules for gift splitting and gifts involving community or joint property
- Explain how to evaluate gifting strategies and complete Form 709 for gift tax reporting
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
