Idaho Society of CPAs

Generation-Skipping Transfer Tax 2024

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  • Date/Time
    • Jan 13, 2025
    • Sign In: 9:30am (MT)
    • Program: 10:00am - 11:00am (MT)
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  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 1.00
  • Credit Type(s)
    • Taxes (Technical) (1.00)
  • Prerequisites

    • Completion of the Form 706 Preparation 4-part series is encouraged.

  • Vendor
    • California CPA Education Foundation
  • Level
    • Advanced
  • Fields of Study
    • Taxes

Description

This advanced course is designed to complement the 4-part 706 Preparation Series and will discuss various aspects of the Generation-Skipping Transfer Tax.

  • Presenters - Naomita Yadav

    • Designed For

    Designed For: CPAs and attorneys who work extensively with Estate plans and the Generation-Skipping Transfer Tax.
  • Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Sole Practitioner

    • Objectives

    • Determine the application of the GST rule and when the tax is triggered.
    • Recognize transfers that trigger GST and when to automatically allocate GST (or elect out) in gifting.
    • Identify common pitfalls.

    Highlights

    • Taxable terminations
    • Mismatch between available exemption and GST, and utilizing excess GST
    • GST elections on Form 709 and automatic allocations

    Advanced Prep

    Working knowledge of Forms 706 and 709.

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    Leaders

    CALCPE Panel

    No Biography Available

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