Generation-Skipping Transfer Tax 2024
1.00 Credits
Member Price $49
Non-Member Price $59
Overview
This advanced course is designed to complement the 4-part 706 Preparation Series and will discuss various aspects of the Generation-Skipping Transfer Tax.
Highlights
- Taxable terminations
- Mismatch between available exemption and GST, and utilizing excess GST
- GST elections on Form 709 and automatic allocations
Prerequisites
Completion of the Form 706 Preparation 4-part series is encouraged.
Designed For
CPAs and attorneys who work extensively with Estate plans and the Generation-Skipping Transfer Tax.
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.
Preparation
Working knowledge of Forms 706 and 709.
Non-Member Price $59
Member Price $49