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.
- 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 26, 2024
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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