2024 Gift Taxes

SKU: 06-441-01-CPE
Credit Hours: 4
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online Video
Instructor: Andrew Clark, EA.

Course Description:
This course has been updated to reflect all current changes to tax law as practitioners prepare returns in 2020. It will explore the topic of gift taxes and explain when gifts are free of tax liability and identify various scenarios where filing a gift tax return is required.

At the end of this course, students will be able to:

Describe what financial transactions constitute a gift
Recognize when a gift transaction is completed
Identify the annual gift exclusion amount
Differentiate between present interest and future interest gifts
Recognize the types of gifts that are not subject to gift taxes
Recognize the benefits of gift splitting
Identify the form that is used for Gift Taxes and the due date for submitting it