The 'Guide to Gift Taxes' self-study CPE course offers an in-depth understanding of federal gift tax laws, crucial for anyone involved in making substantial gifts. This CPE course stands out by providing detailed insights into the exceptions and strategies to mitigate gift tax liabilities. Participants will benefit from learning how to identify scenarios that trigger the gift tax and understand the workings of annual and lifetime exclusions. The self-study CPE course also sheds light on the distinctions between present and future interests in the context of gift tax applicability. Additionally, it delves into strategic methods such as gift splitting and the use of trusts to circumvent or reduce the gift tax burden. By understanding these elements, participants will be well-equipped to navigate the complexities of gift tax regulations, ensuring tax-efficient gifting strategies for themselves or their clients. This knowledge is vital for making informed decisions about gifting, protecting assets, and planning for future financial security.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the situations to which the gift tax might apply.
Specify how the annual and lifetime gift tax exclusions work.
Recall how present and future interests impact the applicability of the gift tax.
Specify how a trust can be used to avoid the gift tax.
Major Topics
The Gift Tax
Who Pays Gift Tax
The Trust Concept
IRS Form 709
Computing the Gift Tax Amount
Inter Vivos Direct Skips
