2019 TCJA Gift Tax changes

2019 TCJA Gift Tax changes
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Price: $29.99
Credits: 3
Prerequisite: Basic understanding of federal income taxation concepts.
Level: Intermediate
Model: TCE02
Author: TaxCe Publishing
Average Rating: Not Rated
Fields of study: Taxes
Format: PDF


Introduction

Gifts are a commonly used method to reduce the amount of estate taxes owed. The Tax Cuts and Jobs Act made changes the affect gift taxes. This course has been updated to reflect all current changes to tax law as practitioners prepare returns in 2019. This course will explore 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

At the end of this course, students will be

  • 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.

Additional Contents :

 

Complete, no additional material needed
Advance Preparation :
None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence
Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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