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Cpece webinars
How to Accurately Prepare the 2020 709 Gift Tax Return

HOW TO ACCURATELY PREPARE THE 2020 709 GIFT TAX RETURN

Available Date(s)
Friday, August 06, 2021: 12:00PM EDT

Cost $40.00
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes (Federal Tax)
CE Credits 2.0 hours
Course Id# - HURS9-T-00932-21-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

In his webinar, Bob provides advisors with a refresher course on 2020 gift tax returns. This course reviews the critical gift and GST issues encountered when preparing federal gift tax returns, Form 709. We will discuss topics such as how to outline annual exclusion rules for gifts to trusts, including required Crummey notices and §2642(c) trusts; how to translate valuation reports; and justifying when to make disclosures on Forms 8275 and 8275R. This simply is a "must-see" webinar for all practitioners.

Learning Objectives:


  • Identify QTIP elections on gift tax returns and recognize the need for timely filing

  • Determine what you should disclose for purposes of running the gift tax statute of limitations

  • Determine the reporting of family sales, installment sales to grantor trusts, SCIN sales, GRATs, QPRTs, and other split interests

  • Recall how to classify valuation discounts for gifts of closely held businesses and reporting requirements

  • Determine the utilization of generation-skipping transfer tax exemption and the related automatic allocation rules

  • Outline the use of a deceased spouse’s unused exclusion exemption amount (DSUE)

  • Identify when gift splitting is allowed, how to report correctly, and the risks associated

  • Define adequate disclosure requirements, the statute of limitations, and reporting gifts to 529 plans

  • Determine how to allocate GST exemption on large formula gifts and ETIP gifts

  • Recall defined valued clauses, overflow clauses, and Wandry clauses

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Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP, and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of the National Association of Estate Planners & Councils. CPA Magazine has also named him one of the top 100 most influential practitioners in the United States and one of the top 40 tax advisors to know during a recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. 

Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and estate, gift, and income tax examinations and appeals. He has received more than 200 favorable private letter rulings, including several key rulings of “first impression.” 

He is the author of over 100 articles and columns and is the editor, author, or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years, including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference, and the Heckerling Estate Planning Institute.
 

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.