Surgent's Review of Form 709 -- Gift Tax Return (709R)

Course Details

Date

Self-Study

Location

Online

Field of Study

Taxation

CPE Credit

2 hours CPE credit

Level of Knowledge

Beginning

Vendor

Surgent McCoy CPE, LLC

Prerequisites

None

Description

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.

Highlights

  • Form 709: gift tax reporting; the effect of the lifetime exclusion
  • Present interest versus future interest
  • The annual exclusion, what qualifies and how is it calculated
  • When are consenting spouses not required to file Form 709
  • What gifts are 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 years credit re-calculation
  • Calculation of additional credit for decedent spouses unused exemption (DSUE)

Designed For

CPAs invo

Course Pricing

WYOCPA Member Fee

Applicable if you are a WYOCPA member in good standing.

$39.00
Non-Member Fee

Applicable if you are not a WYOCPA member.

$39.00
Your Price $39.00

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