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The Line-by-Line Preparation of Form 709 (MLC863J)
How you can become an Expert in Preparing Federal Gift Tax Returns (Form 709)?
Form 709 is the most commonly filed of all transfer tax returns and provides a significant opportunity to reduce later estate tax and/or GST tax. But the challenge is that even seasoned tax professionals can have questions about gift tax compliance issues because many lack experience in this area.
Join Arthur Werner where he will provide practical understanding of issues involved in the line-by-line preparation of the federal gift tax return (Form 709). Gain confidence as a tax professional as the speaker guides you to a better understanding of how to accurately and compliantly prepare Federal Form 709.
Understanding specific gift tax laws and rules
How to prepare a federal gift tax return (Form 709), specifically:
Part 1 - General Information
Part 2 - Tax Computation
Schedule A - Computation of Taxable Gifts
Schedule B - Gifts from Prior Periods
Schedule C - Deceased Spousal Unused Exclusion (DSUE)
Schedule D - Computation of Generation-Skipping Transfer Tax
Arthur Joseph Werner, JD, MS (Taxation), received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. His lecture topic specialties extensively include the areas of Estate Planning, Financial Planning, and Estate and Gift Taxa...