Shop Courses > Estate, Gift, and Generation-Skipping Transfer Tax

Estate, Gift, and Generation-Skipping Transfer Tax#700424

Online Book, Online Exam

$65.00

Hardcopy Book, Online Exam

$83.00

Course Option

Clear

Credit

Amount

CPA

EA / OTRP

Course Author: Andrew Clark Field of Study (CPA): Taxes Field of Study (EA/OTRP): Federal Tax Law

Course Details, Learning Objectives, Table of Contents

Course Description

Course publication/revision date: This course was updated on 6/19/2024 (covers 2024 tax year).

The IRS has a unified wealth transfer taxation system to ensure that any assets transferred my means of gifts, deaths, and gifts that skip a generation are taxed accordingly. This course will discuss estate planning and estate taxes, gift taxes, and generation-skipping transfer taxes in detail. The course will describe the tools that are available for estate planning and will define the benefits of using each tool. Also covered is how to identify what is included in the gross estate and how to calculate the gross estate amounts. The course will also identify the conditions under which filing a gift tax return is required. Finally, the course will identify and discuss the different types of generation-skipping transfers and how each are taxed by the IRS.