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Secure Transaction Guide to Gift Taxes
Format
Self-Study
Course Level
Overview
CPE Credits
1 Credits: Taxes
Course Description
The ‘Guide to Gift Taxes’ self-study CPE course offers an in-depth understanding of federal gift tax laws, crucial for anyone involved in making substantial gifts. This CPE course stands out by providing detailed insights into the exceptions and strategies to mitigate gift tax liabilities. Participants will benefit from learning how to identify scenarios that trigger the gift tax and understand the workings of annual and lifetime exclusions. The self-study CPE course also sheds light on the distinctions between present and future interests in the context of gift tax applicability. Additionally, it delves into strategic methods such as gift splitting and the use of trusts to circumvent or reduce the gift tax burden. By understanding these elements, participants will be well-equipped to navigate the complexities of gift tax regulations, ensuring tax-efficient gifting strategies for themselves or their clients. This knowledge is vital for making informed decisions about gifting, protecting assets, and planning for future financial security.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the situations to which the gift tax might apply.
- Specify how the annual and lifetime gift tax exclusions work.
- Recall how present and future interests impact the applicability of the gift tax.
- Specify how a trust can be used to avoid the gift tax.
Course Specifics
SS824367372
January 22, 2024
There are no prerequisites.
None
29
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02422-24-S
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1990
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
