2024 MSCPA Annual Convention: Details
This advanced course is designed to complement the 4-part 706 Preparation Series and will discuss various aspects of the Generation-Skipping Transfer Tax.
Completion of the Form 706 Preparation 4-part series is encouraged.
• Taxable terminations • Mismatch between available exemption and GST, and utilizing excess GST • GST elections on Form 709 and automatic allocations
• Determine the application of the GST rule and when the tax is triggered. • Recognize transfers that trigger GST and when to automatically allocate GST (or elect out) in gifting. • Identify common pitfalls.
Working knowledge of Forms 706 and 709.
