Filing Form 709 – How to report federal gift tax

$29.00

This course will be an overview of:

  • Gift tax basics, including transfers and individuals subject to the gift tax
  • Specific gift tax exclusions, including the medical and educational exclusions
  • Valuation of gifts for tax purposes, with special note of carryover basis
  • Form 709 to report and calculate the gift tax
  • Gift tax planning strategies

Field of Study:
Taxes
Instructor(s):
Julie McGinty
Credit(s):
1.50
Course Format:
On Demand
Qualifies For:
IRS
Prerequisites:

None

Course ID:
13038/14225
Knowledge Level:
Basic
Advanced Preparation:

None

Publication Date:
07/08/2020
Planned Expiration:
07/30/2021
IRS Approved:
Yes
Provider:
Becker Professional Education
IRS Approved Program
Learning Objectives:

After completing this course, the learner should be able to:

  • Recognize basic gift tax concepts
  • Identify specific transfers that are excluded from gift tax consideration
  • Calculate the gift tax on certain transfers
  • Identify disclosure requirements with respect to gifts
  • Apply planning strategies to minimize gift tax consequences
Lifecycle:
Foundation

Course Instructors

Julie McGinty

Filing Form 709 – How to report federal gift tax

$29.00

This course will be an overview of:

  • Gift tax basics, including transfers and individuals subject to the gift tax
  • Specific gift tax exclusions, including the medical and educational exclusions
  • Valuation of gifts for tax purposes, with special note of carryover basis
  • Form 709 to report and calculate the gift tax
  • Gift tax planning strategies

National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823