Federal Gift Tax (and the Generation-Skipping Transfer Tax)   Updated

Master the rules surrounding taxation of gifts that transfer assets from one generation to another. Determine the differences between a complete and incomplete gift and the resulting gift tax ramifications. Learn common pitfalls, strategies to avoid them, and related tax preparer penalties. Review past and recent legislative changes related to the estate, gift, and generation-skipping transfer tax systems, including the permanent expansion of the applicable exclusion amount with the enactment of the 2025 Tax Act (formerly referred to as the One Big Beautiful Bill Act or OBBBA). Identify planning opportunities available for gifts to minors and an election available among spouses to minimize or even eliminate gift tax as well as use of the applicable exclusion amount. Review the adequate disclosure rules to commence running of the statute of limitations.

This course is most appropriate for the professional with detailed knowledge of federal gift tax who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.