Guide to Gift Taxes FLEXCAST
Available Until
Your Desk
1.0 Credits
Member Price $196.00
Non-Member Price $225.00
Overview
This course offers an in-depth understanding of federal gift tax laws, crucial for anyone involved in making substantial gifts. This CPE course stands out by providing detailed insights into the exceptions and strategies to mitigate gift tax liabilities. Participants will benefit from learning how to identify scenarios that trigger the gift tax and understand the workings of annual and lifetime exclusions. The self-study CPE course also sheds light on the distinctions between present and future interests in the context of gift tax applicability. Additionally, it delves into strategic methods such as gift splitting and the use of trusts to circumvent or reduce the gift tax burden. By understanding these elements, participants will be well-equipped to navigate the complexities of gift tax regulations, ensuring tax-efficient gifting strategies for themselves or their clients. This knowledge is vital for making informed decisions about gifting, protecting assets, and planning for future financial security.
Highlights
The gift tax. Who pays gift tax. The trust concept. IRS Form 709. Computing the gift tax amount. Inter vivos direct skips.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
Identify the situations to which the gift tax might apply. Specify how the annual and lifetime gift tax exclusions work. Recall how present and future interests impact the applicability of the gift tax. Specify how a trust can be used to avoid the gift tax.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $225.00
Member Price $196.00