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.

Learning Objectives
  • Discover and describe what financial transactions constitute a gift.
  • Recognize when a gift transaction is completed.
  • Identify the annual gift exclusion amount.
  • Explore and 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.
Last updated/reviewed: August 22, 2023
37 Reviews (155 ratings)

Reviews

5
Anonymous Author
The course gives a very good introduction to Gift taxation. Comprehensive coverage of the topic from Annual exclusion to Generation skipping. Good discussion of Trusts and the usage of trusts. The review exam may need some updates, but the exam is up to date.

2
Anonymous Author
The content of the course was great. It gave a solid overview of gift taxing regimes provided in the IRC. However, the delivery sounded like the presenter was reading from a text book. As a result, it was not particularly engaging and difficult to follow.

3
Anonymous Author
I think it overall got the point across and it was a nice refresher, but I agree with another review that a lack of the slides in a PDF would have been useful to have the information available to reference.

1
Member's Profile
This course does not provide reference slides. It is also outdated with most information based on 2017-2018 tax years. Lastly, the final exam is riddled with typos, which makes the questions confusing.

4
Member's Profile
Would have liked some examples. That would make the course too long. Instead, it would be nice to have a set of follow-on "practical applications" courses detailing how the strategies can be applied.

4
Member's Profile
It would have been helpful to have the slides as a handout. There was a lot of good information covered in this course and it would have been great to have the handouts for future reference.

5
Anonymous Author
Great review of Gift Tax and Trusts. It would have been helpful to have the slides as a handout, there was good information covered in this course that would been nice for future reference.

4
Member's Profile
This course was very informative. It has been a very long time since I dealt with gift taxes so the refresher was needed. The instructor was clear and example easy to understand.

5
Anonymous Author
This was a good class. The instructor kept the information interesting and the material was easy to follow. It was a good length for the amount of information covered.

5
Anonymous Author
Very informative course that covered the broad details of trust and gift taxes. Was a really good review of different implications of gifts and trust.

5
Member's Profile
A good summary of the gift tax rules. The narrator is obviously very knowledgeable about the topic. Good in depth detail was given as well.

4
Anonymous Author
This was a good course for gift tax. It was very informative and full of information but the speaker could have been a little more engaging.

4
Member's Profile
Great basic review of gift and estate taxes. Most helpful for individuals with little to no knowledge about gift and estate taxes.

4
Anonymous Author
The course was informative and meet my expectations but I would have liked a downloadable PDF of the course material for my file.

4
Anonymous Author
The 2023 Gift Tax Course was very informative, and a good refresher for individuals who have experience with the subject matter.

4
Anonymous Author
Very thorough course on gift taxes. There are a lot of details and I like that it gives updated rates over recent years.

4
Anonymous Author
Would like to downloaded PDF file to read through instead of having to listen to the audio all throughout the course.

5
Anonymous Author
Very interesting and comprehensive review of estates and trusts. Would take another class from this instructor.

4
Member's Profile
Course was interesting, lots of information. Only complaint was the lack of a .pdf of the course to refer to.

5
Member's Profile
Interesting topic and covered very well. I appreciated the specific examples which helped drive it home.

4
Member's Profile
Thorough summary of subject, but providing some real-life case scenarios would have been beneficial.

4
Anonymous Author
good course but it didn't even work, thank you! It would also be helpful to have the slide details.

2
Member's Profile
Course is outdated and does not reflect recent changes in tax laws. It also contains multiple typos.

4
Member's Profile
The instructor spoke very clearly and the slides are okay. But there are several typos in the quiz.

4
Anonymous Author
Good subject to know, but the subject matter is confusing overall; many definitions and scenarios

5
Member's Profile
With so much detail being presented in this course, I really missed having a PDF of the slides.

4
Anonymous Author
Overall good information but outdated. There is no pdf of the course slides for reference.

4
Anonymous Author
The slides need to be more interesting and engaging. The information needs to be updated

4
Member's Profile
Slides are reasonably concise for the most part but sometimes a little cluttered.

4
Member's Profile
Gift tax is a helpful course providing relevant information to complete Form 709

4
Anonymous Author
PDF outline would have been helpful considering the volume of information.

5
Anonymous Author
Great technical information presented clearly. Examples were appropriate.

4
Anonymous Author
The review questions have some inaccuracies. The Final Exam is fine.

5
Anonymous Author
A good learning experience because never tried gift tax in real life.

3
Member's Profile
very helpful and informative. should attach slides separately.

5
Anonymous Author
Very helpful course on a topic I did not know much about

4
Member's Profile
good slides and a lot of information beyond just tax

Prerequisites
Course Complexity: Advanced

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Gift Taxes17:58
  Timing of a Gift13:54
  Crummy Trusts and Other Gifts8:28
  Overview of Trusts11:14
  Trusts in Detail25:06
  Trust Expenses and Taxes8:06
  Marital Deduction Trusts and QTIP Trusts17:00
  Revocable Living Trust Clauses and Trustees10:32
  Gift Splitting13:20
  Generation Skipping Transfer Taxes and Conclusion15:25
CONTINUOUS PLAY
  Gift Taxes2:21:03
SUPPORTING MATERIALS
  Slides: 2023 Gift TaxesPDF
  2023 Gift Taxes Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam