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.

Learning Objectives

  • 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.

Education Information

IRS Program Number: NMVBP-T-00187-21-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

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.

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