Objective
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- Understand how to file a simple gift tax return 

Highlights
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- Taxpayers who do not file gift tax returns but should 

- The annual exclusion rules for gifts to trusts including required Crummey notices 

- What should be disclosed on the return for purposes of running the statute of limitations 

- The reporting of installment sales and split-interest 

- Valuations and valuation discounts for gifts of closely held businesses 

- The utilization of Generation Skipping Transfer Tax and the related automatic allocation rules 

- Reporting the use of a deceased spouse’s unused exclusion exemption amount (DSUEA) 

- A line-by-line explanation of Form 709 

Designed For
Any tax practitioner who wishes to understand how to assist clients with filing a federal gift tax returnPrerequisite
Basic understanding federal income and transfer taxesAdvanced Preparation
None