by Fmeaddons

Preparing a Gift Tax Return Using Form 709 (FRM7)

$39

Preparing a Gift Tax Return Using Form 709 (FRM7) is a complete CPE course that provides 2 credits in the field of taxes for CPAs and tax practitioners.

SKU: FRM7 Category:

Description

This 2-credit CPE course helps CPAs and tax practitioners understand Form 709, as well as practical issues related to the gift tax.

Major Topics

  • What gifts are excluded from gift tax reporting
  • The annual exclusion, what qualifies and how is it calculated
  • Form 709: gift tax reporting; the effect of the lifetime exclusion
  • Present interest versus future interest
  • When are consenting spouses not required to file Form 709
  • Adequate disclosure requirements and the statute of limitations
  • The inclusion of up-to-date revised forms and references
  • Proper gift tax reporting of front-end loaded ยง529 qualified tuition plans
  • Calculation of additional credit for decedent spouses unused exemption (DSUE)
  • Calculation of unified credit and prior years credit re-calculation

 

Learning Objectives

  • Understanding the differing types of gifts, the limits, and information required on Form 709
  • Introduction to the proper preparation of Form 709

Designed For

CPAs involved in the preparation of individual, gift, and information returns

Prerequisites

None

Advance Preparation

None

Additional information

Course Acronym

Credits

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Qualifies For

State Board Accreditation

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