A taxpayer who gives gifts may have to file a gift tax return. This course reviews the process of preparing and filing Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, from start to finish, including what triggers a filing requirement and consequences for noncompliance.
- Understand the workings of the unified estate and gift tax system.
- Explain when a taxpayer must file Form 709.
- Describe how to correctly prepare Form 709.
- Explain the possible outcomes for noncompliance with Form 709 filing requirements.
IRS Program Number: NMVBP-T-00187-21-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Advanced Preparation: None
Program Level: Basic
Delivery Method: Self Study
Field of Study: IRS Federal Tax Law Topics/Federal Tax Related Matters
Credit hours: 2 IRS CE
Instructor: Kevin J. Todd, CPA, EA Click here to learn more about the instructor
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.