Guide to Gift Taxes ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
The federal gift tax can be an unpleasant surprise for those trying to make large gifts to other parties. In this course, we describe the payments that are exempt from the gift tax rules, as well as how annual and lifetime exclusions, gift splitting, and the use of trusts can be employed to minimize the impact of the gift tax.
Highlights
The gift tax. Who pays gift tax. The trust concept. IRS Form 709. Computing the gift tax amount.
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
None.
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 $33.00
Member Price $29.00