Surgent's Review of Form 709 - Gift Tax Return

Objectives:

• Understand the proper preparation of Form 709
• Identify the differing types of gifts, limits, and information required on Form 709

Major Topics:

• Form 709, gift tax reporting, and the effect of the lifetime exclusion
• Present interest versus future interest
• The annual exclusion – what qualifies and how is it calculated
• Situations in which consenting spouses are not required to file Form 709
• Gifts excluded from gift tax reporting
• Adequate disclosure requirements and the statute of limitations
• Proper gift tax reporting of front-end loaded §529 qualified tuition plans
• The inclusion of up-to-date revised forms and references
• Calculation of unified credit and prior year credit recalculation
• Calculation of additional credit for decedent spousal unused exemption (DSUE)

Designed For:

Accounting and Financial Professionals involved in the preparation of individual, gift, and information returns

Prerequisite:

None

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly.  If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.