194 Enrolled
3 Hours (On-Demand)
Instructor for this course
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Gifts are a commonly used method to reduce the amount of estate taxes owed. The Tax Cuts and Jobs Act made changes that affect gift taxes.

This course has been updated to reflect all current changes to tax law as practitioners prepare returns in 2019. This course explores the topic of gift taxes. It will explain when gifts are free of tax liability and identify various scenarios where filing a gift tax return is required.

Learning Objectives

  • Explore Timing of a Gift
  • Explore Trusts
  • Identify Marital Deduction Trusts and QTIP Trusts
  • Recognize Revocable Living Trust Clauses and Trustees
Last updated/reviewed: May 28, 2022

24 Reviews (95 ratings)Reviews

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 It is also outdated with most information based on 2017-2018 tax years.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.
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.
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
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
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.
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
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.
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

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  16:43Introduction to Gift Taxes
  13:36Timing of a Gift
  10:13Crummy Trusts and Other Gifts
  11:03Overview of Trusts
  25:18Trusts in Detail
  8:15Trust Expenses and Taxes
  17:07Marital Deduction Trusts and QTIP Trusts
  10:36Revocable Living Trust Clauses and Trustees
  13:37Gift Splitting
  15:04Generation Skipping Transfer Taxes and Conclusion
CONTINUOUS PLAY
  2:21:41Gift Taxes
SUPPORTING MATERIALS
  PDFGift Taxes Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM