Learn the intricacies of the generation-skipping transfer tax, a complex and often counterintuitive law, and review how to recognize your clients' GST planning opportunities.
Gain practical, in-depth knowledge of GST tax compliance and trust administration issues; understand how to complete tax forms related to the GST tax; and explore advanced planning and compliance techniques with life insurance trusts. This course will also discuss how to integrate the exemption allowance with estate planning and return preparation, and learn other GST planning opportunities.
An expanded illustrated Form 709 with GST exemption allocations is included in the materials. Although GST tax is a concern for fewer taxpayers as a result of the increase of the GST exemption following the 2017 Tax Act, it remains a must-know for CPAs since it impact can be significant for the most wealthy estates and it remains a trap for liability claims for estate planners and preparers of Forms 706 and 709, among others.
PICPA Member: $245
Nonmember: $345
Course No. 4191271A Level: Intermediate
Prerequisites: Experience with trusts and estate planning principles.