3 CPE 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
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35 Reviews (152 ratings)
Reviews
Anonymous
(Auditor)
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.
Anonymous
(Associate Manager)
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.
Nancy Prater
(Marketing Director at Sewell Automotive Companies)
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 It is also outdated with most information based on 2017-2018 tax years.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.
Eileen Perrin
(Financial Advisor at First Command)
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.
Nikita Patel
(Consultant at DLC Group)
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.
Anonymous
(Controller)
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.
Nafisah Fudaeel
(Owner at Tax Roadmap)
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.
Anonymous
()
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.
Anonymous
()
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.
Anonymous
(Owner)
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.
Brandon Bush
(Manager at PorterKinney)
Great basic review of gift and estate taxes. Most helpful for individuals with little to no knowledge about gift and estate taxes.
Anonymous
()
The course was informative and meet my expectations but I would have liked a downloadable PDF of the course material for my file.
Anonymous
(Accountant)
The 2023 Gift Tax Course was very informative, and a good refresher for individuals who have experience with the subject matter.
Anonymous
()
Very thorough course on gift taxes. There are a lot of details and I like that it gives updated rates over recent years.
Anonymous
()
Would like to downloaded PDF file to read through instead of having to listen to the audio all throughout the course.
Anonymous
(Director of Credit)
Very interesting and comprehensive review of estates and trusts. Would take another class from this instructor.
PAMELA WEISS
(OWNER at Pamela G Weiss, CPA)
Course was interesting, lots of information. Only complaint was the lack of a .pdf of the course to refer to.
Scott Anderton
(CFO at HCA)
Interesting topic and covered very well. I appreciated the specific examples which helped drive it home.
Kirk Valencia
(Director, Administration at Hampton Roads Church)
Thorough summary of subject, but providing some real-life case scenarios would have been beneficial.
Anonymous
(Private Wealth Advisor)
good course but it didn't even work, thank you!
It would also be helpful to have the slide details.
Mary Beth Collins
( at Teknekron Corporation)
Course is outdated and does not reflect recent changes in tax laws. It also contains multiple typos.
Bette Shepherd
(CFO at D&S Green Services)
The instructor spoke very clearly and the slides are okay. But there are several typos in the quiz.
Anonymous
()
Good subject to know, but the subject matter is confusing overall; many definitions and scenarios
Kara Deis
(Asst Controller at Big Daddy Foods)
With so much detail being presented in this course, I really missed having a PDF of the slides.
Anonymous
()
Overall good information but outdated. There is no pdf of the course slides for reference.
Anonymous
(Director)
The slides need to be more interesting and engaging. The information needs to be updated
Matt Paul
( at Boulder Ventures)
Slides are reasonably concise for the most part but sometimes a little cluttered.
Steven Meek
(Snr Tax Director at Yahoo, Inc)
Gift tax is a helpful course providing relevant information to complete Form 709
Anonymous
()
PDF outline would have been helpful considering the volume of information.
Anonymous
()
Great technical information presented clearly. Examples were appropriate.
Anonymous
(Attorney)
The review questions have some inaccuracies. The Final Exam is fine.
Anonymous
()
A good learning experience because never tried gift tax in real life.
Alice Jeanna Yu
(title at bank)
very helpful and informative. should attach slides separately.
Anonymous
()
Very helpful course on a topic I did not know much about
Julie Varoz
(CFO at 7 Summits LLC)
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
.
Andrew ClarkInstructor
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