CPE Credit Hours: 8
Field of Study: Tax
Publication date: April 2022
The IRS has a unified wealth transfer taxation system to ensure that any assets transferred by means of gifts, deaths, and gifts that skip a generation, are taxed accordingly.
This course discusses estate planning and estate taxes, gift taxes, and generation-skipping transfer taxes in detail. It describes the tools that are available for estate planning, and define the benefits of using each tool. It describes how to identify what is included in the gross estate, and demonstrate how to calculate the gross estate amounts. It also identifies the conditions under which filing a gift tax return is required.
Finally, this course identifies and discusses the different types of generation-skipping transfers, and how each are taxed by the IRS. The material has been updated to reflect all current changes to tax law and amounts for 2022.
This is a self-study CPE course.
Program level: Intermediate
Prerequisites: Basic understanding of federal income taxation and estate concepts.
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase
