Course ID: GETAX

Gift and Estate Taxation

The gift tax and the estate tax fall under the overarching umbrella of unified transfer taxes. Learn how to apply the various rules of gift and estate tax planning. Tax professionals can provide appropriate advice to their wealthiest clients only if they have a broad understanding of how the gift tax and estate tax are structured.

In-person and live webcast CPE credit: 4.0

Learning Objectives

After completing this course, you will be able to:

Determine the application of the unified transfer tax to gifts and estates.
Identify the items that are included in the gift tax calculation.
Calculate the gift tax liability using the gift tax formula.
Identify the property that is included in the gross estate.
Determine the value of the assets that are included in the gross estate.
Determine the deductions that can reduce the gross estate.
Calculate the estate tax using the estate tax formula.
Identify and select tax planning strategies related to gift and estate taxes.

Major Topics

Unified transfer taxation
Transfers subject to the gift tax
Gift tax formula
Estate tax—general rules
Inclusions in the gross estate
Deductions allowed
Estate tax formula

Advanced Preparations

None

Who Should Attend

Third year, seniors, or supervisors

Fields of Study

Taxes

Prerequisites

Basic knowledge of taxation

Provider

Business Learning Institute

CPE Credits

4.0

Level

Intermediate

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